Virginia gas prices have risen 0.9 cents per gallon in the past week, averaging $2.94/g, according to GasBuddy’s daily survey of 4,081 stations in Virginia. Gas prices in Virginia are 1.2 cents per gallon higher than a month ago and stand 94.3 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Virginia was priced at $2.67/g Thursday while the most expensive was $3.49/g, a difference of 82.0 cents per gallon.
The national average price of gasoline was unchanged in the last week, averaging $3.12/g as of Thursday. The national average is up 7.9 cents per gallon from a month ago and stands 94.3 cents per gallon higher than a year ago.
“Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In the process, we could have set new all-time records for consumption.
“As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, West Texas Intermediate crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market. For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed nowhere but up until global supply starts to catch up with the continued surge in demand.”
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 is accessible at http://FuelInsights.GasBuddy.com.