jump to example.com

Gas prices fall to nearly three-year low

The national average for a gallon of regular unleaded gas was $3.20 a gallon on Friday, the lowest price at the gas pump since February 2011, according to AAA.

Gas prices continue their downward trek that started around Labor Day. Since Sept. 1, prices have dropped 39 cents per gallon, and have fallen 65 of the 75 days in that span.

The price of gas in the Central Shenandoah Valley is a good bit lower than the national average. At many stations, the price of regular unleaded gas is at or just below $3.00 a gallon.

AAA doesn’t expect the national average to fall down to the $3.00 a gallon mark, though it does see more downward movement, perhaps to the $3.10 per gallon mark by Christmas.

“While AAA does expect the national average price at the pump to continue to fall approaching the end of the year, and many motorists will enjoy local prices below $3 per gallon, the national average is unlikely to breach this threshold,” said Martha M. Meade, Manager of Public and Government Affairs for AAA Mid-Atlantic.  “The last time the national average registered less than $3 was December 22, 2010.  About one-in-four U.S. stations are selling gas for less than $3.00 per gallon today.  Only about 10 percent of stations are selling gas for more than $3.50 per gallon.”

Elevated crude oil prices have established an effective floor for how low pump prices could fall for consumers.  However, after 15 straight weeks above $100 per barrel, the price of West Texas Intermediate (WTI) crude oil has now settled below this mark for four straight weeks, including a six-month low of $93.04 per barrel on Tuesday.

Crude oil settled at $93.84 Friday, down less than 1 percent on the week.

Discussion
 
Recent News
 

Your One-Stop Media Shop

Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including web design, magazine/brochure, TV/radio, social media and overall marketing campaign design and implementation.
  • Web Design

    You want a new website, but don’t have the first clue as to how to build one. That’s our job. We take care of all facets of web design – visual design, layout design and content development. Get your business online for as little as $1,299.
    Learn more about AFP Web Design services.
  • Graphic Design

    The staff at Augusta Free Press Publishing has been recognized by the Virginia Press Association for excellence in layout and design. Whether you need a fresh business card design, rack card, ad, flyer or full magazine design, we can help with all your graphic-design needs.
    Learn more about AFP Graphic Design services.
  • Marketing

    Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.
    Learn more about AFP Marketing services.