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Virginia’s gas prices jumped by 16+ cents per gallon in past week

Mountain Media, LLC by Mountain Media, LLC
May 18, 2021
in Local Stories
0

Virginia gas prices have risen 16.4 cents per gallon in the past week, averaging $2.95/g Monday, according to GasBuddy’s daily survey of 4,081 stations in Virginia.

Gas prices in Virginia are 23.4 cents per gallon higher than a month ago and stand $1.22/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Virginia Monday was priced at $2.54/g while the most expensive was $3.99/g, a difference of $1.45/g.

The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $3.03/g Monday. The national average is up 16.8 cents per gallon from a month ago and stands $1.17/g higher than a year ago.

“The national average gas price surged last week thanks to big price jumps in Southeastern states due to the previously shut down Colonial Pipeline, but most areas outside that region saw smaller fluctuations,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

“With the pipeline now back in service, I expect prices to come down in the hardest hit states, specifically the Carolinas, Georgia, Tennessee, Florida and Virginia,” said De Haan. “The drops should lead the national average to soon fall back under the $3 per gallon mark, but motorists shouldn’t get too excited. Prices may start to head higher in a few weeks should Memorial Day gasoline demand be red hot.

In addition, motorists in the affected areas should see outage numbers continue to decline this week, especially early in the week when gasoline demand tends to be lowest,” said De Haan. “I’m optimistic that there will be enough recovery by Memorial Day for motorists in these states to fill up without having to search for gasoline.”

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.

 

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