Gas prices continue to fall: Related to coronavirus?

Virginia gas prices have fallen 4.6 cents per gallon in the past week, averaging $2.29/g today, according to GasBuddy’s daily survey of 4,081 stations.

“Oil prices continue to sag on worries over the spread of the coronavirus, blowing the door wide open for a continued slump at the pump,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Nearly 5,000 stations are currently selling gasoline under $2 per gallon, a critical psychological level, while some 17 states have at least one gas station under the mark.

“For most, there’s no signs of the slump slowing, especially with fears of the spread of the Chinese-originating virus continuing to grow. Motorists need not be in a rush to fill up again, and with prices plummeting, I would urge them to be mindful that some stations are passing the drops on much faster and to shop around,” DeHaan said.

Gas prices in Virginia are 11.8 cents per gallon lower than a month ago and stand 20.6 cents per gallon higher than a year ago. According to GasBuddy price reports, the cheapest station in Virginia is priced at $1.92/g today while the most expensive is $3.19/g, a difference of $1.27/g. The lowest price in the state today is $1.92/g while the highest is $3.19/g, a difference of $1.27/g. The cheapest price in the entire country today stands at $1.23/g while the most expensive is $104.90/g, a difference of $103.67/g.

The national average price of gasoline has fallen 4.6 cents per gallon in the last week, averaging $2.45/g today. The national average is down 13.3 cents per gallon from a month ago and stands 19.9 cents per gallon higher than a year ago.

Historical gasoline prices in Virginia and the national average going back ten years:

• February 3, 2019: $2.08/g (U.S. Average: $2.25/g)
• February 3, 2018: $2.44/g (U.S. Average: $2.60/g)
• February 3, 2017: $2.12/g (U.S. Average: $2.27/g)
• February 3, 2016: $1.65/g (U.S. Average: $1.78/g)
• February 3, 2015: $1.97/g (U.S. Average: $2.06/g)
• February 3, 2014: $3.16/g (U.S. Average: $3.27/g)
• February 3, 2013: $3.40/g (U.S. Average: $3.52/g)
• February 3, 2012: $3.44/g (U.S. Average: $3.47/g)
• February 3, 2011: $2.99/g (U.S. Average: $3.10/g)
• February 3, 2010: $2.57/g (U.S. Average: $2.63/g)

Neighboring areas and their current gas prices:

• Roanoke- $2.26/g, down 7.3 cents per gallon from last week’s $2.33/g.
• Richmond- $2.18/g, down 5.3 cents per gallon from last week’s $2.23/g.
• West Virginia- $2.42/g, down 6.1 cents per gallon from last week’s $2.48/g.

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country.

GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.