GasBuddy Virginia gas price update, outlook

GasBuddyGas prices in Virginia have fallen 5.2 cents per gallon in the past week, averaging $2.22/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has fallen 5.7 cents per gallon versus last week to $2.36/g, according to GasBuddy.

Average gasoline prices on December 17 in Virginia have ranged widely over the last five years:
$2.25/g in 2017, $2.12/g in 2016, $1.84/g in 2015, $2.38/g in 2014 and $3.15/g in 2013.

Including the change locally during the past week, prices yesterday were 3.5 cents per gallon lower than a year ago and are 21.9 cents per gallon lower than a month ago. The national average has dropped 26.1 cents per gallon during the last month and stands 5.7 cents per gallon lower than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.12/g, down 3.7 cents per gallon from last week’s $2.15/g.
Richmond- $2.07/g, down 4.9 cents per gallon from last week’s $2.12/g.
West Virginia- $2.41/g, down 5.7 cents per gallon from last week’s $2.46/g.

“For the tenth straight week, gas prices have been in a state of decline, falling to the lowest level since prior to Hurricane Harvey in 2017 to the mid $2.30s with now 31 states with at least one gas station selling gasoline under $2 per gallon, saving motorists hundreds of millions of dollars versus prices just two months ago,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Oil prices have been slow to react to a cut in oil production from OPEC, instead focusing on economic concerns and trade tensions with China. Thus far, it seems that it “may take a village” to help oil prices recover, help that would include robust demand from the U.S., which seems to be anything but the case. For now, prices will remain seasonally challenged, tied to the fact or expected fate of the economy moving forward.”

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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