GasBuddy: Virginia gas price update, outlook

GasBuddyVirginia gas prices have risen 8.1 cents per gallon in the past week, averaging $2.31/g today, according to the GasBuddy daily survey of 4,081 stations. Gas prices in Virginia are 22.9 cents per gallon higher than a month ago, yet stand 3.2 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Virginia is priced at $1.96/g today while the most expensive is $2.99/g, a difference of $1.03/g. The lowest price in the state today is $1.96/g while the highest is $2.99/g, a difference of $1.03/g. The cheapest price in the entire country today stands at $1.59/g while the most expensive is $4.99/g, a difference of $3.40/g.

The national average price of gasoline has risen 4.9 cents per gallon in the last week, averaging $2.48/g today. The national average is up 19.6 cents per gallon from a month ago, yet stands 3.4 cents per gallon lower than a year ago.

Historical gasoline prices in Virginia and the national average going back a decade:

  • March 11, 2018: $2.34/g (U.S. Average: $2.51/g)
  • March 11, 2017: $2.09/g (U.S. Average: $2.30/g)
  • March 11, 2016: $1.69/g (U.S. Average: $1.89/g)
  • March 11, 2015: $2.29/g (U.S. Average: $2.45/g)
  • March 11, 2014: $3.27/g (U.S. Average: $3.49/g)
  • March 11, 2013: $3.61/g (U.S. Average: $3.69/g)
  • March 11, 2012: $3.68/g (U.S. Average: $3.80/g)
  • March 11, 2011: $3.46/g (U.S. Average: $3.54/g)
  • March 11, 2010: $2.67/g (U.S. Average: $2.76/g)
  • March 11, 2009: $1.82/g (U.S. Average: $1.92/g)

Neighboring areas and their current gas prices:

  • Roanoke- $2.26/g, up 6.0 cents per gallon from last week’s $2.20/g.
  • Richmond- $2.24/g, up 8.5 cents per gallon from last week’s $2.16/g.
  • West Virginia- $2.49/g, up 11.6 cents per gallon from last week’s $2.37/g.

“As predicted, gas prices advanced across much of the country for the fourth straight week even as oil prices held relatively stable at $56 per barrel. The reason for the continued disconnect remains similar to weeks past: refinery maintenance is ongoing and eating into supply and production levels, while more expensive, cleaner burning gasoline is now the predominate fuel being produced. This has pushed up wholesale gas prices even as oil remains mostly calm,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Expect rising prices to knock out the 135 remaining stations in the nation priced at $1.99 per gallon of less, while the number of stations over $3 per gallon will likely grow, mainly out West as the pinch at the pump grows in those areas- the first in the nation to fully move to summer gasoline in the next two weeks.”

For live fuel price averages, visit http://FuelInsights.GasBuddy.com.

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