Roanoke, Virginia – In the past week, average gasoline prices in Roanoke have experienced an increase of 13.7 cents per gallon, resulting in a current average of $3.46 per gallon.
This data has been compiled according to a survey conducted by GasBuddy involving 155 stations in Roanoke. Presently, Roanoke’s gasoline prices are 26.3 cents per gallon more expensive than those recorded a month ago, yet they remain 32.3 cents per gallon cheaper than the prices from the same period a year ago.
Across the country, the average diesel price has surged by 15.5 cents in the past week, with the current average standing at $3.99 per gallon.
Based on the price reports provided by GasBuddy, the least expensive gasoline station in Roanoke offered prices at $3.09 per gallon as of yesterday, whereas the most expensive recorded a price of $3.65 per gallon, resulting in a price difference of 56 cents per gallon. Across the state, the lowest and highest recorded prices from yesterday were $2.99 and $4.29 per gallon, respectively, amounting to a price disparity of $1.30 per gallon.
Nationally, the average gasoline price has increased by 16.5 cents per gallon over the last week, currently averaging at $3.72 per gallon. Compared to the prices from a month ago, the national average has escalated by 21.4 cents per gallon.
However, it remains 45.6 cents per gallon cheaper than the prices from the corresponding period last year. These figures have been determined based on GasBuddy’s data, compiled from over 11 million weekly price reports covering more than 150,000 gas stations nationwide.
Patrick De Haan, the Head of Petroleum Analysis at GasBuddy, commented on the recent price hikes, “Gas prices suddenly soared over the last week due to heat-related refinery outages that impacted some of the largest refineries in the country, at a time when summer gasoline demand peaks and as gasoline inventories slid to their lowest July level since 2015. In addition, oil prices surged to their highest level in months, rising to over $80 per barrel due to SPR releases coming to an end and concerns over cuts in supply from Saudi Arabia and Russia, the second and third largest oil producers in the world. Motorists have seen average gasoline and diesel prices rise at the fastest pace in over a year, but the rise seen in the last week should now start slowing. However, as we get ever closer to the peak of hurricane season, any new issues could easily push the national average over $4 per gallon for the first time in 2023. Drivers may want to brace for potentially higher prices yet.”
