GasBuddy Virginia weekly fuel update and outlook

GasBuddyAverage retail gasoline prices in Virginia have risen 1 cent per gallon in the past week, averaging $2.63/g yesterday, according to the GasBuddy daily survey of 4,081 gas outlets in Virginia. This compares with the national average that has fallen 0.9 cents per gallon in the last week to $2.80/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Virginia during the past week, prices yesterday were 47.0 cents per gallon higher than the same day one year ago and are 14.8 cents per gallon higher than a month ago. The national average has increased 14.5 cents per gallon during the last month and stands 46.5 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 7 in Virginia have ranged widely over the last five years:
$2.16/g in 2017, $2.08/g in 2016, $2.43/g in 2015, $3.49/g in 2014 and $3.35/g in 2013.

Areas near Virginia and their current gas price climate:
Roanoke- $2.58/g, up 0.4 cents per gallon from last week’s $2.57/g.
Richmond- $2.62/g, flat  from last week’s $2.62/g.
West Virginia- $2.72/g, down 1.7 cents per gallon from last week’s $2.74/g.

“The rise in gas prices has slowed substantially in the last week in some places, with 15 states seeing gas prices move lower versus last week,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “While we may not be out of the woods yet, especially with President Trump mulling over the Iran nuclear deal, it’s possible we’re very close. Much will depend on his decision on the subject. Killing the deal may inflict more pain on motorists as it may lead to sanctions placed on Iran and their oil production, which would likely push oil prices higher. With summer gasoline now phased in and reaching motorists gas tanks across the country, it is no longer an active issue pushing prices up. Oil’s moves and possible moves will likely be the key catalyst behind changes at the pump in the weeks ahead as summer driving season soon gets underway. Motorists should expect the national average to drift around in the upper $2 per gallon range for much of the summer.”

For LIVE fuel price averages, visit 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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