Roanoke, Virginia – Recent data from GasBuddy indicates a decline in average gasoline prices in Roanoke by 1.6 cents per gallon over the past week. The current average stands at $3.54 per gallon, based on a survey conducted across 155 stations within Roanoke.
When compared to last month, the prices have surged by 25.1 cents per gallon. This present rate is marginally above last year’s by 1.4 cents per gallon. Meanwhile, the national diesel average has seen an increase, escalating by 12.3 cents in the previous week, settling at $4.27 per gallon.
An analysis of GasBuddy’s pricing records reveals that the most affordable gasoline price in Roanoke was reported at $3.19 per gallon, while the highest was $3.79 per gallon, resulting in a disparity of 60 cents per gallon. The state-wide assessment showed the lowest price as $3.15 per gallon and the peak at $4.49 per gallon, leading to a difference of $1.34 per gallon.
On a national scale, gasoline prices have risen by 2.5 cents per gallon in the last week, averaging $3.82 per gallon currently. Based on data from GasBuddy, sourced from over 11 million weekly price reports spanning more than 150,000 gas stations nationwide, the national average has surged by 29.1 cents per gallon compared to last month. Yet, it is still 9.6 cents per gallon less than the same period last year.
Mr. Patrick De Haan, GasBuddy’s Head of Petroleum Analysis, commented, “The national average price of gasoline continues to hold near the highest level we’ve seen since last October, touching $3.84 per gallon. It could climb slightly higher as we get closer to Labor Day, as oil prices remain under pressure from recent OPEC+ production cuts. While July CPI data looked pretty good with energy prices well below their year-ago level, August data isn’t going to look nearly as friendly. Gasoline prices stand just over a dime away from rising back above their year ago level – something that is definitely possible by the closing summer holiday. In addition, the largest refinery in the Midwest moved up its seasonal maintenance to several weeks earlier than expected, causing a somewhat unexpected jump at the pump in the Great Lakes. Motorists will likely see a mixed bag at the pump this week, with a few states seeing prices fall slightly, while others will see the opposite.”
