GasBuddy Virginia gas price update, weekly outlook

GasBuddyGas prices in Virginia have risen 3.6 cents per gallon in the past week, averaging $2.12/g yesterday, according to the GasBuddy daily survey of 4,081 stations in Virginia. This compares with the national average that has increased 3.0 cents per gallon versus last week to $2.31/g, according to GasBuddy.

Average gasoline prices on February 18 in Virginia have ranged widely over the last five years:
$2.39/g in 2018, $2.11/g in 2017, $1.56/g in 2016, $2.16/g in 2015 and $3.20/g in 2014.

Including the change locally during the past week, prices yesterday were 27.1 cents per gallon lower than a year ago and are 4.5 cents per gallon higher than a month ago. The national average has increased 6.8 cents per gallon during the last month and stands 19.6 cents per gallon lower than a year ago.

Areas near Virginia and their current gas price climate:
Roanoke- $2.04/g, up 2.6 cents per gallon from last week’s $2.01/g.
Richmond- $2.05/g, up 6.0 cents per gallon from last week’s $1.99/g.
West Virginia- $2.27/g, up 1.5 cents per gallon from last week’s $2.26/g.

“Gas prices have advanced to their highest level in nearly two months mainly following as oil prices move higher. Gasoline demand remains seasonally weak, but last week’s report from the Energy Information Administration showed refinery utilization plunging, meaning less gasoline is flowing out of refiners,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “In addition, bullish data and optimism on a U.S.-China trade deal helped propel markets last week, as well as turmoil in Venezuela making a strong case for an larger absence of heavy crudes the market depends on. But while gas prices are nearly guaranteed to be higher in May than today, it is looking more likely that the rise in prices this year may be more muted than we’ve seen in years past when prices launched 35-75 cents during the spring.”

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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