Gas prices dip below $2 - News - MailTribune.com - Medford, OR

Mail Tribune (Medford, OR — Wayback)

2015-01-23

Document text

0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation  |  Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Home News Latest Stories Police file additional sex offense charges against former youth pastor State grants help arts groups reach out Murder, madness and the quest for Gold 10 things to know for Thursday Emergency services Crime, Courts and Emergency Services Police file additional sex offense charges against former youth pastor Emergency services Woman struck by car while running from police Arrest made in Klamath Falls murder Police recover stolen trailer, arrest suspect Politics and Elections Kent Bush: The keys to decoding the State of the Union address Oregon Legislature convenes, session starts Feb. 12 Councilman stirs online dust-up with anti-marijuana post Education Talent Elementary students learn to tinker Local elementary and middle school students qualify for state chess championships Unfair labor complaint against Medford School District resolved Arsonist attempts to burn down building at Jackson Elementary Not as ready as they should be Environment Bear cub headed to rehabbers in Idaho Grant will help restore 'legacy' oak habitat in Southern Oregon and Northern California New wandering wolf arrives in Southern Oregon OR-7 now officially the leader of his pack Ashland trails up for changes State News Mom says bills carries on daughter's legacy Records illegally released; 2 on leave Lawmaker: Pot candy OD shows need to go slowly Tests: Formaldehyde risk in some e-cigarette vapor State records show number of big marijuana farms has increased Nation - World Obituaries Mamie E. (Miss Eddie) Beard James "Jim" Van Calhoun Elizabeth Mary Cox In Loving Memory Of Jason Thomas Cline (Jay) Weather Photo Galleries Since You Asked Videos Web Cams Mail Tribune 100 Shareable In memoriam: 2014’s notable deaths Looking back: Do you remember 2014’s biggest stories? Sports Latest Stories Comets pin down Eagles Hornets down Pirates in Skyline dual South cruises past North Blazers rally big before losing heartbreaker Djokovic, Wawrinka join Williams in third round Varsity 541 College Sports Success helps restock roster at UO Oregon’s Helfrich ready to turn page Baldwin brings seasoned background to OSU Weisner leads No. 9 Beavers over Huskies Huskies rally back, down Ducks Pro Sports Blazers rally big before losing heartbreaker Djokovic, Wawrinka join Williams in third round Hawks tie franchise record with win Sharapova saves two match points, advances Thunder finally get over .500 mark Community Sports Local Events Business Latest Stories Blog: Alaska Air Group earnings soared in 2014 New owners of Medford Center promise a hands-on approach: Practicing for the real thing Want to be an investor? Four companies will be pitching their plan to you Silvio Calabi: Ford Escape Still a Solid Player Real Estate News New owners of Medford Center promise a hands-on approach: Home loan rates continue to fall, applications soar Jackson County real estate market headed back to normal Dear Monty: Best start for 1st-time homebuyers People In Business People in Business Transportation Want to be an investor? Four companies will be pitching their plan to you Medford airport traffic flies to new heights Agriculture Rising prices bear fruit for local pear growers Opinion Latest Our View: Public salaries move only upward Letters to the Editor, Jan. 22 George Will: America's mushrooming welfare state Dana Milbank: Turning a deaf ear to the world Granlund cartoon: Deflated footballs Editorials Our View: Public salaries move only upward Our View: Restrictions on civil forfeitures are reasonable Other Views: Clearing the way for hemp farming Our View: Oregon students need job skills training Other Views: Klamath water deal is best available Letters to the Editor Letters to the Editor, Jan. 22 Letters to the Editor, Jan. 21 Letters to the editor, Jan. 20 Letters to the Editor, Jan. 19 Letters to the Editor, Jan. 18 Guest Opinions Guest Opinion: More reasons to oppose gas pipeline A fair shot for all: addressing our low-wage crisis Guest Opinion: SOU biomass burner would be big mistake Guest Opinion: Reforms needed to build upon John Day’s success Guest Opinion: FERC fails our planet Lifestyle Latest stories Community blog: Trends aside, butternut squash a seasonal darling Gail Ciampa: Creative ways to explore the oft-maligned cauliflower Community blog: Best Cities for Aging? - Not Medford Healthy Aging: Whether supper or dinner, it's best eaten together 5 Things to Do This Weekend (Jan. 23-25) Food Community blog: Trends aside, butternut squash a seasonal darling Gail Ciampa: Creative ways to explore the oft-maligned cauliflower Best of the Brews Try these shock-free-diet options Community blog: Cauliflower cuts calories in faux pasta Alfredo Home and Garden Paint a room or two in a weekend Dear Monty: Sell home now? Or wait until summer? Home Help: How to keep your house pest-free this winter Dear Monty: Consider mediation in real estate disputes Home Help: Heighten your home’s style this year Health Community blog: Best Cities for Aging? - Not Medford Healthy Aging: Whether supper or dinner, it's best eaten together Practicing for the real thing Dr. Jeff Hersh: Heart test causes undue alarm Dr. Murray Feingold: How reliable is the medical information we read? Hiking Biking Faith Religion briefs Old stained-glass windows face threats Churches start new year with messages of hope (No heading) Milestones and Achievements 50 years and counting: Bulebar Wedding: Lindsey-Maria Rios New arrivals Columnist for a Day Rogue Healthy Aging Tempo Latest stories Ethan Tucker Band at the Brickroom Paula Poundstone performs at the Craterian Brian Freeman presents 'An Evening of Scottish Music' Len Dickson's 'Fall Harvest' to grace Belle Fiore wine label Randall Theatre presents playwright Charles Ludlam's comedy "The Mystery of Irma Vep" Theater Randall Theatre presents playwright Charles Ludlam's comedy "The Mystery of Irma Vep" Roy Orbison tribute hits high note Thanks for the Memories Theatre presents 'Cardenio' Thanks for the Memories Theatre presents 'Rent' Tangled up in Dylan Music Ethan Tucker Band at the Brickroom The Farr Side: Trainor building a music niche Brian Freeman presents 'An Evening of Scottish Music' Blues jam tonight at The Little Brown Jug 'Wierd Al' Yankovic plays Britt Festivals in September Community Events Paula Poundstone performs at the Craterian Len Dickson's 'Fall Harvest' to grace Belle Fiore wine label A look at the life and vision of Martin Luther King Jr. Ty Barnett and Ian Harris are 'Divided' Elaine Witteveen's new exhibit 'Wings' opens at the Rogue Gallery Dining Cheeseburgers on the cheap Valley View — It's all in the family Patty Groth's Morning Glory is still a delight Entertaining with a gift of treasure Jackson Creek Pizza Co. is a good downtown haunt Tempo Videos Classifieds Jobs Autos Real Estate FEATURED   » Obituaries Blogs TV Listings Movie Listings Oregon Outdoors Oregon Healthy Living Magazines & Special Sections NEWS NOW   Police file additional sex offense charges against former youth pastor       ...       Murder, madness and the quest for Gold       ...       Our View: Public salaries move only upward       ...       Police file additional sex offense charges against former youth pastor       ...       Murder, madness and the quest for Gold       ...       Our View: Public salaries move only upward       ...           MEDFORD Gas prices dip below $2 Comment By Damian Mann Mail Tribune MailTribune.com By Damian Mann Mail Tribune Posted Jan. 19, 2015 @ 5:29 pm Updated Jan 20, 2015 at 11:57 AM By Damian Mann Mail Tribune Posted Jan. 19, 2015 @ 5:29 pm Updated Jan 20, 2015 at 11:57 AM --> What do you think? Have an opinion on this story? Send a letter to the editor at www.mailt... » Read more X What do you think? Have an opinion on this story? Send a letter to the editor at www.mailtribune.com/sendletter . »  Social News Gas prices dropped below $2 a gallon Monday morning at some stations in the Medford area, giving local residents a little extra cash in their pockets. “I never thought I’d see this price again,” said Hugh Crawford, 69, of Central Point. “I’m tickled, but I think it’s going to go back up again.” Crawford and other motorists stopped at the Valero station on Highway 99 near Beall Lane in Medford, where regular was selling for $1.99 a gallon for cash customers. About a half-dozen stations in Medford had crossed below the $2 threshold as of Monday, according to GasBuddy.com. The average price for a gallon of regular in the Medford-Ashland area was listed as $2.21 Monday by AAA’s Fuel Gauge Report. Last year at this time, the price of regular was $3.38. The average price for regular in Oregon was $2.34. Marie Dodds, spokesman for AAA in Oregon and Idaho, said the last time prices were this low was in 2009, a year after they spiked to all-time highs of $4.38 a gallon in Medford. “The national average was below $2 a gallon in 2009,” she said. On Monday, the national average was $2.06, according to Fuel Gauge Report. According to AAA, 25 states posted prices below $2 a gallon. AAA predicts low gas prices will remain for a while, possibly staying below $3 for the remainder of 2015. Doddss said the low prices are an example of capitalism at work. “The oil companies are not doing it out of the kindness of their hearts,” she said. The Saudis have continued to maintain high production in the hopes that it will run some of the U.S. companies out of business, she said. The price of crude oil continues to trade below $50 a barrel, down from more than $100 last year. At the same time, several factors are at play in the oil market. The U.S., thanks to the fracking boom, is producing oil and natural gas at levels not seen for at least 30 years. Meanwhile, the gas mileage of American cars has gone up in recent years, resulting in less demand. Also, Americans are driving less, Dodds said. “It means we have more supply and less demand,” she said. Cheaper gas hasn’t translated into demand outstripping supply, even though the U.S. saw a record volume of travelers over the holiday period. “The vehicles are much more fuel efficient,” Dodds said. “They use a lot less gas.” At this point, it’s difficult to say whether the Saudi strategy of maintaining production to keep prices low has had an impact on U.S. oil producers, though there is evidence some companies are looking at cutting back jobs, Dodds said. She said it typically takes about two weeks from drops in the price of crude oil to be reflected at the pumps. Whatever the reason for the low prices, motorists couldn’t be happier as they filled up at half the cost of a year ago. “I’m happy,” said Sarah Cartwright, 20, of Central Point. “I’m just saving for college.” Joseph Henry, 46, of Central Point, said he was paying $20 a day to fuel his two vehicles that he uses for his construction business. With lower gas prices, he’s paying about $10. “I hope it keeps going lower,” he said. With his extra money, Henry said he plans to go fishing over the next two weeks during a bit of down time from his construction business. Even though he expects a little lull as subcontractors finish up work on an Ashland house, Henry has been busier than normal this winter as well, so the low pump prices are an extra bonus. “Usually, I never have work this time of year,” he said. Josh Hogue, a 38-year-old Jackson County resident, said he would be working for a liquefied natural gas company in Arizona right now except the price of oil products has cut the number of workers. “It was better at $4 a gallon,” he said. Still, he said he understands how lower gas prices help most local residents. “I think it’s great for the average guy,” Hogue said. Terry Parnell, manager of the Valero, said his customers welcome the sight of gas prices dropping and no sign they’re going to go back up. “Everybody’s saying, ‘Ah, I love it,’ ” he said. Parnell said he felt some pride about changing the sign at his station to $1.99 a gallon on Monday morning. “We’re making history,” he said. Reach reporter Damian Mann at 541-776-4476 or [email protected] . Follow him on www.twitter.com/reporterdm . Note: Marie Dodds' last name has been corrected from previous version. By Damian Mann Mail Tribune MailTribune.com By Damian Mann Mail Tribune Posted Jan. 19, 2015 @ 5:29 pm Updated Jan 20, 2015 at 11:57 AM » Comment or view comments   Reader Reaction »  STAY INFORMED   Email NewsLetter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Stay Informed   Email newsletter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved.    Privacy Policy  |  Terms of Service  |  Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501