Virginia gas prices fell 2.2 cents per gallon in the past week, averaging $3.20/g on Monday, Dec. 13, according to GasBuddy’s daily survey of 4,081 stations in the commonwealth. Gas prices in Virginia are 9.5 cents per gallon lower than a month ago but are still $1.11/g higher than a year ago.
According to GasBuddy price reports, the cheapest station in Virginia was priced at $2.79/g Monday while the most expensive was $3.89/g, a difference of $1.10/g.
The national average price of gasoline fell 2.4 cents per gallon in the last week, averaging $3.32/g Monday. The national average is down 9.0 cents per gallon from a month ago but nevertheless is $1.18/g higher than a year ago.
“With the price of crude oil remaining some $13 per barrel below its 2021 peak, we have continued to see gas prices decline in nearly every city coast to coast, a trend that will likely continue into yet another week,” said Patrick De Haan, head of petroleum analysis for GasBuddy.
“Omicron concerns continue to be the primary catalyst for the drop in gas prices across much of the country,” De Haan said. “While we’ve seen some anecdotal reports about the new variant, vaccine producers have yet to definitively state if current vaccines will still bring adequate protection against omicron, something that might be critical to limit severity and to avoid new shutdowns.
“With OPEC+ members still planning to boost oil production in January, we continue to see global oil production slowly rising,” De Haan said. “In addition, U.S. gasoline demand last week fell to the lowest level since October, which may limit oil’s recent rebound and keep gas prices declining through the end of the year.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. 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 are accessible at http://prices.GasBuddy.com.