Home Gas prices up, slightly, this week: Where is the long-term trend headed?
State News

Gas prices up, slightly, this week: Where is the long-term trend headed?

Chris Graham
gas
(© Daniel Thornberg – stock.adobe.com)

Gas prices are up again, modestly, this week, with GasBuddy measuring the average across the U.S. up 2.5 cents per gallon over the past week, to $3.28 per gallon.

Virginia actually saw a slight decrease of 2.4 cents per gallon, to $3.15 per gallon, according to the GasBuddy data.

Diesel is down 7.2 cents per gallon over the past week, to $4.56 per gallon.

Gas prices may “nudge up slightly” in the week ahead in some areas, according to Patrick De Haan, head of petroleum analysis at GasBuddy, but the longer-term forecast is for a decline.

“Oil prices have seen a bit of a rally, finishing last week at nearly $80 per barrel again as Chinese demand starts to jump as expected, but with COVID cases and deaths now also surging in China, the jump in demand could be short-lived,” De Haan said.

Support AFP

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].