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Gas prices drop for eighth straight week: Can the good news trend continue?

Chris Graham
gas prices
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Gas prices in the Shenandoah Valley are down below $3.60 per gallon in many locations, as the average statewide dropped 13.4 cents per gallon over the past week.

The good news trend continues, with Virginia gas prices down 66.7 cents per gallon over the past month, according to GasBuddy.

Prices have been going down for eight straight weeks, according to Patrick De Haan, head of petroleum analysis at GasBuddy.

“We’ve even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa,” De Haan said.

The groundwork is in place for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average, De Haan said.

“While I’m upbeat the drop can continue for another couple weeks, we’re starting to see some activity in the tropics, which may increase risk of potential disruption,” De Haan said.

Chris Graham

Chris Graham

Chris Graham is the founder and editor of Augusta Free Press. A 1994 alum of the University of Virginia, Chris is the author and co-author of seven books, including Poverty of Imagination, a memoir published in 2019, and Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, and The Worst Wrestling Pay-Per-View Ever, published in 2018. For his commentaries on news, sports and politics, go to his YouTube page, or subscribe to his Street Knowledge podcast. Email Chris at [email protected].