Home Gas prices continue to push up sharply: Is there a break on the horizon for consumers?
Virginia

Gas prices continue to push up sharply: Is there a break on the horizon for consumers?

Chris Graham
gas prices
(© fred goldstein – stock.adobe.com)

Gas prices continue to push upward, jumping 7.8 cents per gallon nationally, to $3.79 per gallon, according to a Monday update from GasBuddy.

Virginia drivers are paying an average of $3.67 per gallon, up 7.7 cents per gallon from a week ago.

The issue: the continuation of a recent trend of increases in oil prices and continued pressure from hot weather that has impacted U.S. refineries.

Diesel is up a concerning 14.9 cents per gallon, to $4.14 per gallon, and we will likely see “upward momentum” with diesel prices in the coming weeks, per Patrick De Haan, head of petroleum analysis at GasBuddy.

The short-term trend for other motorists is positive: “The pace of increases has started to slow down over the last few days, and for now, appears to have hit a peak over the weekend and is beginning to gently fall,” De Haan said.

But, and there’s always a but …

“With oil remaining under pressure from Saudi Arabia extending its 1 million barrel per day production cut into September, the respite from gasoline rising may not last long,” De Haan said.

 
 

 




Featured Video

 

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 his Street Knowledge podcast. Email Chris at [email protected]. Support AFP by signing up for our newsletter and/or powering our work with a one-time or monthly contribution.

Latest News

James Franklin Virginia Tech
Football

Was James Franklin really trying to complain about not having an airport nearby?

waynesboro map
Local

Waynesboro: School Board at critical juncture in search for new superintendent

The search for a new Waynesboro Public Schools superintendent is reportedly down to three finalists, with the goal of the Waynesboro School Board to have an announcement about the hire of a new superintendent by the end of the month.

westwood hills elementary school
Local

Westwood Hills community honored for heroism during Sept. 2 school shooting

Teachers, staff, first responders and community members who protected students and support families during and after the tragic events at Westwood Hills Elementary School on Sept. 2 were honored with a surprise Dawbarn Education Award at a ceremony on Wednesday night. Waynesboro Public Schools Superintendent Dr. Jeffrey Cassell accepted the award on behalf of the...

soccer
Go 'Hoos, Sports

Men’s Soccer: Virginia gets past Notre Dame on PKs, advances to ACC Quarterfinals

acc football
Football

ACC Football: Two big games in primetime on Friday, Saturday, this week

uva basketball team
Basketball, Go 'Hoos

UVA Basketball: ‘Hoos have work to do to clean things up after win in opener

callie schaeffer warren schaeffer
Baseball

Broadway, Virginia Tech grad had a Rocky Mountain summer with the Rockies