News Summary
Virginia residents are enjoying lower gas prices as the average price falls to $3.02 per gallon, a 6.1 cent decrease over the week. Compared to last year, prices are down by 31.3 cents. The cheapest gas was reported at $2.29, while some stations charge as high as $3.99. Nationally, gas prices also decline to $3.08 per gallon, with Memorial Day travel expected to increase demand. Analysts predict stable prices ahead of the summer season as crude oil prices drop.
Virginia Gas Prices Continue to Drop as Average Falls to $3.02/Gallon
Virginia residents are seeing relief at the pump as average gasoline prices have decreased by 6.1 cents per gallon over the past week. As of Monday, the current average price for gasoline in Virginia stands at $3.02 per gallon. While this figure shows a modest increase of 1.3 cents per gallon compared to a month ago, it is significantly lower—by 31.3 cents per gallon—than this time last year.
The price variation across the state is notable. The cheapest gas station in Virginia was reported at $2.29 per gallon on Sunday, while consumers may also encounter prices as high as $3.99 per gallon at more expensive stations, reflecting a sharp $1.70 difference between the low and high prices for gasoline.
National Gas Prices Show Similar Trends
In parallel, the national average price for gasoline has also seen a decline, dropping by 2.7 cents over the past week to settle at $3.08 per gallon. Over the course of the last month, the national average has decreased by 7.0 cents. Meanwhile, the average price for diesel has experienced a slight reduction of 1.8 cents, now averaging $3.690 per gallon.
Regional Comparisons and Trends
In comparison, West Virginia’s average price for regular unleaded gasoline is currently $3.01 per gallon, showing a slight drop of just over 2 cents compared to last week’s prices. West Virginia also reports mid-grade gasoline averaging $3.42, premium at $3.87, and diesel priced at $3.60. Overall, gas prices in West Virginia show considerable improvement compared to last month and remain lower than the same period last year when regular unleaded prices reached $3.40.
Specific cities in Virginia, such as Roanoke, are experiencing a gas price range between $2.65 and $3.16 per gallon, illustrating a 51-cent disparity in local pricing. Page County, Virginia, stands out with even lower gas prices, showcasing the cheapest state average at $2.48 per gallon and an overall average of $2.69. This price difference may be influenced by local market conditions and competitive pricing strategies employed by gas stations in that region.
Factors Influencing Gas Prices
The declining prices can be attributed to falling crude oil prices, which have recently dropped to approximately $62-$63 per barrel. This trend is expected to stabilize gas prices ahead of the summer travel season, with analysts predicting relatively steady prices in the near term, provided there are no major fluctuations in oil costs or supply chain disruptions.
Travel Predictions for Memorial Day Weekend
With Memorial Day weekend approaching, travel forecasts estimate that nearly 1.23 million Virginians will be on the move, leading to increased demand for competitively priced gas. Consumers are encouraged to shop around and identify the best prices in their area.
Overall, Virginia’s decreased gas prices are a positive sign for residents and travelers alike. The current pricing landscape reflects both local and national trends, with analysts keeping a close watch on factors that may affect future prices.
Deeper Dive: News & Info About This Topic
- WV News: West Virginia Gas Prices Hold Steady
- WHSV: Page County Gas Prices Lowest in Virginia
- 12 On Your Side: Virginia Gas Prices Dip Below $3
- The Center Square: Virginia Gas Prices Report
- BTW21: Virginia Gas Prices Jump
- Wikipedia: Gasoline
- Google Search: Gas Prices Trends
- Google Scholar: Gas Prices Impact
- Encyclopedia Britannica: Gasoline
- Google News: Gas Prices Virginia
Author: STAFF HERE WILLIAMSBURG WRITER
WILLIAMSBURG STAFF WRITER The WILLIAMSBURG STAFF WRITER represents the experienced team at HEREWilliamsburg.com, your go-to source for actionable local news and information in Williamsburg, James City County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Williamsburg Farmers Market, Yorktown Market Days, and Busch Gardens Food & Wine Festival. Our coverage extends to key organizations like the Greater Williamsburg Chamber of Commerce and Colonial Williamsburg Foundation, plus leading businesses in education and hospitality that power the local economy such as College of William & Mary, The Williamsburg Winery, and Sodexo. As part of the broader HERE network, including HEREVirginiaBeach.com, we provide comprehensive, credible insights into Virginia's dynamic landscape.
