Gas prices aren’t at $2.11 a gallon like they were in 2020, because we’re not all stuck at home in the middle of a pandemic, but the average price at the pump in Virginia is at $2.99 a gallon, and nationally, drivers are paying, on average, $3.05 a gallon.
That’s the final pre-election verdict of GasBuddy, which has gas prices down six cents a gallon in the Commonwealth over the past week.
The national average price of diesel has declined 1.3 cents in the last week and stands at $3.52 per gallon, the lowest level since 2021.
“Seasonal trends continue to push down gasoline prices across much of the country, with GasBuddy counting 26 states where average gas prices have fallen below $3 per gallon, something that could be less than a week away for the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
It’s hard to gauge the immediate impact the election could have on gas prices.
The idea from Donald Trump to institute crippling tariffs that will push prices of many goods and services wouldn’t be expected to have an immediate impact, though companies are reporting that they have been adjusting their buying in the event that it could happen.
In the here and now, “Americans can expect the downward trend to continue in most states, while other states have seen prices jump temporarily due to a behavior we track called price cycling. We should see the number of states with sub-$3-per-gallon prices grow as we get closer to Thanksgiving,” De Haan said.
Share
Chris Graham
