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Business and Economy: Gas prices trending downward

Chris Graham

Story by Chris Graham
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Who woulda thunk we’d all be so a-flutter over $3.42 a gallon?

That’s what a sustained period of artificially high gas prices entering into a two-week lull dropping the average price of a gallon of regular unleaded 30 cents statewide can do.

“Gas prices will likely fall faster and further in the days ahead due to the recent sharp sell-off in the price of oil to near $90 per barrel and wholesale gasoline prices that have dropped below $2.40 per gallon as of last week,” AAA Mid-Atlantic spokeswoman Martha Mitchell Meade said today.

Hurray, right?

The price of a gallon of regular unleaded this time last year was $2.66, according to AAA.

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Chris Graham

Chris Graham

Chris Graham is the founder and editor of Augusta Free Press. A 1994 alum of the University of Virginia, Chris is the author and co-author of seven books, including Poverty of Imagination, a memoir published in 2019. For his commentaries on news, sports and politics, go to his YouTube page, TikTok, BlueSky, or subscribe to Substack or his Street Knowledge podcast. Email Chris at [email protected].