Virginia gas prices continue to fall as summer winds down

Virginia gas prices have fallen 3.6 cents per gallon in the past week, averaging $2.36/g today, according to GasBuddy’s daily survey of 4,081 stations. Gas prices in Virginia are 15.2 cents per gallon lower than a month ago, yet stand 25.2 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Virginia is priced at $1.99/g today while the most expensive is $3.09/g, a difference of $1.10/g. The lowest price in the state today is $1.99/g while the highest is $3.09/g, a difference of $1.10/g. The cheapest price in the entire country today stands at $1.67/g while the most expensive is $5.75/g, a difference of $4.08/g.

The national average price of gasoline has fallen 2.1 cents per gallon in the last week, averaging $2.58/g today. The national average is down 16.3 cents per gallon from a month ago, yet stands 25.0 cents per gallon lower than a year ago.

Historical gasoline prices in Virginia and the national average going back a decade:

• August 26, 2018: $2.61/g (U.S. Average: $2.83/g)
• August 26, 2017: $2.17/g (U.S. Average: $2.36/g)
• August 26, 2016: $2.01/g (U.S. Average: $2.21/g)
• August 26, 2015: $2.27/g (U.S. Average: $2.56/g)
• August 26, 2014: $3.19/g (U.S. Average: $3.43/g)
• August 26, 2013: $3.36/g (U.S. Average: $3.53/g)
• August 26, 2012: $3.60/g (U.S. Average: $3.75/g)
• August 26, 2011: $3.44/g (U.S. Average: $3.59/g)
• August 26, 2010: $2.52/g (U.S. Average: $2.66/g)
• August 26, 2009: $2.48/g (U.S. Average: $2.60/g)

Neighboring areas and their current gas prices:

• Roanoke- $2.35/g, down 2.0 cents per gallon from last week’s $2.37/g.
• Richmond- $2.27/g, down 4.3 cents per gallon from last week’s $2.31/g.
• West Virginia- $2.55/g, unchanged  from last week’s $2.55/g.

“For now six straight weeks we’ve seen the national average price of gasoline decline, and after last week’s escalation in the trade battle between the U.S. and China, it’s possible that the streak continues longer than previously anticipated as oil markets react to the news, sending oil lower,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “With Labor Day around the corner, motorists will see the cheapest end to the summer since 2016, a great send-off to wrap up the summer driving season, but more good news likely lay ahead for motorists. Gas prices will likely decline even more substantially starting in mid-September as most of the nation begins the transition back to cheaper winter gasoline starting September 16. Fall will bring plenty of falling gas prices, so long as there remains turmoil between the U.S. and China.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.