Home Gas prices, which had been steadily going up, seem to hit a speed bump
Virginia

Gas prices, which had been steadily going up, seem to hit a speed bump

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

Gas prices in Virginia are actually down a bit over the past week, averaging $3.43 a gallon at the open of business on Monday, down 2.1 cents per gallon from a week ago, according to the tracking website GasBuddy.

It’s likely only a temporary reprieve.

“While we seem to be nearing a short-term peak, one word of caution for those in the Mid-Atlantic and Northeast: you haven’t yet finished the transition to summer gasoline, so you may experience some sticker shock in a few weeks,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

The national average price of gasoline is unchanged in the last week, averaging $3.51/g today.

The national average price of diesel has declined 2.9 cents in the last week and stands at $3.99 per gallon.

Prices in Virginia are 23.7 cents per gallon higher than a month ago and stand 3.8 cents per gallon higher than a year ago.

The national average is up 16.1 cents per gallon from a month ago and stands 0.9 cents per gallon higher than a year ago.

And they’re still going to go up a bit between now and Memorial Day.

“Be prepared for somewhat of a punch,” De Haan said. “For the rest of the nation, so long as we don’t see extenuating circumstances, we’re likey close to a top in prices. Let’s hope it pans out and sticks!”

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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].

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