Roanoke, Virginia – Gasoline prices in Roanoke have experienced a slight decline, dropping 5.2 cents per gallon in just the last week, according to GasBuddy’s latest survey of 155 stations in the area.
Currently, the average cost of gasoline in Roanoke is $3.39 per gallon, with prices 20.5 cents per gallon higher than a month ago and 46.9 cents per gallon lower than last year. Diesel prices in the area have also fallen, dropping by 3.0 cents in the last week and standing at an average of $4.12 per gallon.
The report notes that the cheapest station in Roanoke was priced at $3.16 per gallon yesterday, while the most expensive was $3.55 per gallon, representing a significant difference of 39 cents per gallon. The lowest price in the state yesterday was $2.93 per gallon, with the highest being $4.29 per gallon, a difference of $1.36 per gallon.
According to GasBuddy data, the national average price of gasoline has fallen by 0.8 cents per gallon in the last week, averaging $3.64 per gallon as of today. Although prices have risen by 22.8 cents per gallon from a month ago, they are still 46.4 cents per gallon lower than last year’s average price.
Patrick De Haan, Head of Petroleum Analysis at GasBuddy, stated that, “For the first time in several weeks, the national average price of gasoline has seen a decline, and while the fall was quite small, the bigger news may be that we may have seen a short-term peak for the price of gasoline. While any unexpected outages could push it up again, there is a rising possibility that barring such, we may have seen our high water mark for the national average for the summer. Typically, gas prices peak between May and June, and with the oil market showing significant cracks in strength, we may have seen the peak in the national average already occur, a few weeks earlier than average. While it’s possible we could go higher later this summer should a major hurricane target sensitive infrastructure, it appears the odds that the national average will miss the $4 per gallon mark are rising. It’s certainly looking optimistic for motorists.”
