Will the Price of Gas Dip Further?
The national average price of gas has held relatively steady over the past week and has declined on just one of the past four days. The national average price for regular unleaded gasoline is $2.12 per gallon, which is the lowest price for this date since 2004 and 26 cents below 2016’s peak price to date of $2.40 on June 11. Today’s price is one cent less than one week ago, 12 cents less than one month ago and 48 cents less than the same date last year.
Pump prices in the Mid-Atlantic and Northeast continue to drop at a steady rate, with prices across the region falling a couple of cents over the past week. Virginia gas prices has fallen 59 out of the past 60 days for a total of 29 cents per gallon and remains one of the lowest places in the country to buy gasoline at $1.91 per gallon. Today’s average price for gasoline in Virginia is two cents less than last week, 16 cents less than a month ago and 49 cents less than this same day last year. (more…)