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Gas prices down this week, but analysts watching the tropics for weather impacts

Chris Graham
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Gas prices have dropped four cents a gallon over the past week, averaging $3.78 a gallon nationally on Monday morning, according to the tracking website GasBuddy.

“The drop may be short-lived, as one of the nation’s largest refineries partially shut last week after a fire at a storage tank, and as we see more tropical activity that could lead to further disruption,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

On that tropical activity thing: there’s Idalia, which is in Florida now, and is on a track that will take it up the East Coast to the Outer Banks later this week.

“While GasBuddy is closely monitoring Florida for challenges related to Idalia and is prepared to activate the fuel availability tracker, the rest of the nation could see gas price declines reversing pending the outcome of refinery issues that continue to put upward pressure on wholesale gasoline prices,” De Haan said.

The per-gallon average in Virginia is down 4.9 cents per gallon in the last week, averaging $3.61/gallon today, according to GasBuddy’s survey of 4,081 stations in Virginia.

The national average price of diesel has risen 3.3 cents in the last week and stands at $4.33 per gallon.

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, and Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, and The Worst Wrestling Pay-Per-View Ever, published in 2018. For his commentaries on news, sports and politics, go to his YouTube page, or subscribe to his Street Knowledge podcast. Email Chris at [email protected].