GasBuddy Virginia gas price update, outlook

GasBuddyGas prices in Virginia have fallen 5.2 cents per gallon in the past week, averaging $2.38/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has fallen 7.8 cents per gallon versus last week to $2.53/g, according to GasBuddy.

Average gasoline prices on November 26 in Virginia have ranged widely over the last five years:
$2.31/g in 2017, $1.98/g in 2016, $1.89/g in 2015, $2.63/g in 2014 and $3.23/g in 2013.

Including the change locally during the past week, prices yesterday were 7.3 cents per gallon higher than a year ago and are 24.0 cents per gallon lower than a month ago. The national average has dropped 29.4 cents per gallon during the last month and stands 3.4 cents per gallon higher than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.30/g, down 7.0 cents per gallon from last week’s $2.37/g.
Richmond- $2.25/g, down 4.8 cents per gallon from last week’s $2.30/g.
West Virginia- $2.59/g, down 5.2 cents per gallon from last week’s $2.64/g.

“The $1.99 club has seen its membership swell in the last week with the number of states with stations priced at that level or lower spiking to 18. Texas, New York, Missouri, Louisiana, Ohio, Oklahoma, South Carolina, Alabama, Mississippi, Michigan, Virginia, Arkansas, Kansas, Kentucky, New Mexico, Ohio, Tennessee and Illinois all have at least one station at $1.99 or less, and the good news is it won’t end there,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Oil prices have seen another weekly rout, with WTI crude oil shedding over $6 per barrel or some 14% to close the week at a mere $50 per barrel. While many may be a skeptic of the White House taking some credit, the Trump Administration’s reluctance to punish Saudi Arabia for it’s role in the murder of Jamal Khashoggi is likely leading Saudi Arabia to push against large cuts in crude oil production, fearing potential fallout from Trump. In the week ahead, motorists in most states will likely see further drops, saving the country $125 million a day versus prices in early October.”

For live fuel price averages, visit http://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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