Average gasoline prices in Virginia rose 4.0 cents per gallon last week, averaging $3.43/g Monday, Feb. 28, according to GasBuddy’s survey of 4,081 stations in the commonwealth. Prices in Virginia are 24.1 cents per gallon higher than a month ago and stand 81.2 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Virginia was priced at $2.95/g Monday while the most expensive was $4.15/g, a difference of $1.20/g.
The national average price of gasoline rose 7.5 cents per gallon last week, averaging $3.59/g Monday. The national average is up 23.2 cents per gallon from a month ago and stands 87.6 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
“The Russian invasion of Ukraine has sparked high level concern that oil production could eventually be stifled, or even sanctioned, from the world’s second largest oil producer, leading to less supply as demand grows,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “That possibility has pushed up the national average price of gasoline considerably in the last week, and the situation could worsen at any time, keeping gas prices elevated for the foreseeable future,” said De Haan. “In addition to the unstable situation with the Russian invasion, we’re also entering the time of year that seasonality pushes gasoline prices up by anywhere from 25 to 75 cents by Memorial Day. It’s simply looking like a perfect storm for motorists at the pump with little to no relief anytime soon.”
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.
