GasBuddy Virginia gas price update, outlook

GasBuddyGas prices in Virginia have fallen 2.8 cents per gallon in the past week, averaging $2.29/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has fallen 2.7 cents per gallon versus last week to $2.41/g, according to GasBuddy.

Average gasoline prices on December 10 in Virginia have ranged widely over the last five years:
$2.29/g in 2017, $2.11/g in 2016, $1.85/g in 2015, $2.49/g in 2014 and $3.19/g in 2013.

Including the change locally during the past week, prices yesterday were  unchanged compared to a year ago and are 20.8 cents per gallon lower than a month ago. The national average has dropped 28.0 cents per gallon during the last month and stands 3.8 cents per gallon lower than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.14/g, down 6.8 cents per gallon from last week’s $2.21/g.
Richmond- $2.13/g, down 4.9 cents per gallon from last week’s $2.18/g.
West Virginia- $2.46/g, down 5.0 cents per gallon from last week’s $2.51/g.

“Average gas prices have continued to move lower in most states in the last week as retail prices continue to catch up to the low price of oil. 27 states boast a low price of $2 per gallon or less, and Missouri’s statewide average will likely fall under $2 per gallon this week, representing the first state to cross the psychological barrier,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While the going has been good at most gas pumps, OPEC countries did agree to curb oil production, but the cut was smaller than we had expected, and for a shorter duration than anticipated, resulting in a small upward move in oil, one that may not immediately curb the declines. We appear poised to see the national average drop perhaps at least one more week- and we could close this week with the nation’s average in the $2.30s- the lowest in over a year.”

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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