GasBuddy Virginia gas price update, outlook

GasBuddyGas prices in Virginia have risen 1 cent per gallon in the past week, averaging $2.62/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has increased 1.1 cents per gallon versus last week to $2.84/g, according to GasBuddy.

Average gasoline prices on July 30 in Virginia have ranged widely over the last five years:
$2.11/g in 2017, $1.93/g in 2016, $2.47/g in 2015, $3.33/g in 2014 and $3.47/g in 2013.

Including the change locally during the past week, prices yesterday were 51.3 cents per gallon higher than a year ago and are 1.2 cents per gallon higher than a month ago. The national average has dropped 0.5 cents per gallon during the last month and stands 53.4 cents per gallon higher than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.51/g, up 1 cent per gallon from last week’s $2.50/g.
Richmond- $2.58/g, down 0.5 cents per gallon from last week’s $2.58/g.
West Virginia- $2.85/g, up 4.2 cents per gallon from last week’s $2.81/g.

“Pushed higher by signs of a lessening in trade tensions between the U.S and the European Union and a draw down in U.S. oil and fuel inventories following last Wednesday’s Department of Energy’s Weekly Petroleum Status Report, pump prices across the country posted slight gains that could represent a U-turn in falling pump prices at the halfway point of summer,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Indications of continued strong summertime demand for gasoline along with robust fuel export numbers could serve to help sustain moderately higher gas prices, but more geopolitical events such as the closing of oil ports on the Red Sea, affecting Saudi Arabian crude exports, will are sure to provide more upwards momentum for fuel prices in the week ahead.”

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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