GasBuddy Virginia weekly gas price update, outlook

GasBuddyGasoline prices in Virginia have fallen 3.4 cents per gallon in the past week, averaging $2.70/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has fallen 3.1 cents per gallon versus last week to $2.91/g, according to GasBuddy.

Average gasoline prices on June 11 in Virginia have ranged widely over the last five years:
$2.13/g in 2017, $2.19/g in 2016, $2.54/g in 2015, $3.45/g in 2014 and $3.37/g in 2013.

Including the change locally during the past week, prices yesterday were 56.9 cents per gallon higher than a year ago and are 4.5 cents per gallon higher than a month ago. The national average has increased 4.8 cents per gallon during the last month and stands 58.5 cents per gallon higher than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.57/g, down 5.8 cents per gallon from last week’s $2.63/g.
Richmond- $2.70/g, down 3.5 cents per gallon from last week’s $2.73/g.
West Virginia- $2.83/g, down 3.3 cents per gallon from last week’s $2.86/g.

“Gasoline prices continue to fade after peaking just ahead of Memorial Day, largely in part due to previous discussion that OPEC may lift output, pushing oil prices back down to the mid-$60s,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “As we’ve been expecting for months, gas prices will likely decline in the month of June as summer gasoline inventories continue to build and refiners continue to crank out fuels like gasoline and diesel. A solid majority of states saw average gas prices decline last week, and I expect we’ll hold that trajectory again this week.”

For LIVE fuel price averages, visit FuelInsights.GasBuddy.com.

About GasBuddy

GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.

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