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Good news at the pump

H&N photo by Andrew Mariman
Joe Vierra pumps gas for a customer at the Stewart Lenox Exxon Friday.

Lower prices give local
drivers breathing room

By RYAN PFEIL
H&N Staff Writer
Friday, October 31, 2008 11:56 PM PDT
A month ago, it cost Kim Furney $85 to fill up her Chevrolet Blazer. The Chevron manager used to fill up three times a week because of her 100-mile commute between work and home.

Then gas prices dropped. And they kept dropping. Furney recently filled three-fourths of her tank for about $23.

The average price of gas in Klamath Falls is $2.26 per gallon based on recorded prices on the Oregon gas prices Web site. Gas station managers say that while the recent price drop increased business, the prices likely won’t continue to drop much longer.

Joe Faddi, owner of Joey’s in Klamath Falls, has changed his price sign as many as three times a day. He thinks that may end soon.


“After the elections, my feeling is it will start going up,” he said.

Klamath Falls resident Norman Hansen thinks gas prices will stay where they are for a while. He doesn’t believe prices will rise after the 2008 presidential election because crude oil values are more attached to the world economy.

Hansen is saving about $200 a month now, a welcome relief when he fills up his Ford Expedition.

“That’s considerable,” he said. “That basically pays for my monthly utilities.”

Fill ups

Brandon Gustin, another Klamath Falls resident, thinks there might be a slight increase following the election, but not much. The Klamath Falls resident used to spend about $150 for every fill up on his Chevrolet pickup.

“It’s only $70 to $80 now,” he said.

Jerry Brown, owner of the Jerry Brown Oil Company in Eugene, estimated crude oil running at about $65 per barrel. He thinks crude oil prices may dip down a few more dollars before starting to climb again.

“Most of what we’ll see we’ve already seen,” Brown said. “We’re to the point where refiners will get supply and demand back in balance again.”

Brown said the beginning of the year is a typical time for gas prices to start rising.

Lower prices

Until then, he thinks prices will stay fairly consistent. “I don’t really see it moving up a whole lot until demand starts to pick up,” he said, adding that Klamath Falls is one of the cheapest places to buy gas in Oregon right now.

Many Klamath Falls gas station employees and motorists are pleased prices are this low at all. Some gas station attendants are seeing a small increase in business at the pump.

“It’s been a decent surge,” said Vicki Sweet, AMA Mini Mart employee. “They used to come in spurts, now they come in solid.”

 



 
 

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