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Gas prices continue march below $3 a gallon mark: More decreases to come?

Chris Graham
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The cheapest gas in Virginia today is $2.29 a gallon, as many stations in the Commonwealth are below the $3 per gallon mark, and the average is at $3.10 per gallon, according to GasBuddy.

Average prices are down 13 cents a gallon over the past week in Virginia, and 14.4 cents a gallon nationally, with the national average at $3.21 per gallon.

That’s 11 cents per gallon down from a year ago this week.

Prices had approached, and in some areas surpassed, the $5 per gallon mark this past summer.

“The relief is saving Americans roughly $20 per fill-up compared to six months ago,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

The West Coast has seen the biggest decline, nearly $2 a gallon since October.

Fifteen states have average prices of $2.99 or less, “with several more to join this week,” De Haan said.

“We remain on schedule to see the national average gas price fall below $3 by Christmas, with diesel set to fall 50 cents to $1 per gallon over the next six weeks or so,” De Haan said.

While the Keystone Pipeline shutdown has been getting some attention, “motorists need not worry much about the oil-carrying pipeline for now,” De Haan said.

“There is no expected impact to gasoline prices as of now.”

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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].