WTVR 6 News reported that gas prices have dropped more than seven cents in the last week, according to GasBuddy‘s survey of 567 stations in Richmond, Virginia.
The average gas price was down 24 cents last month and 33 cents lower than last year.
It’s the sixth straight week that gas prices have gone down. GasBuddy Patrick De Haan said:
“We fully expect gas prices will continue to drop as Americans drive less with the onset of fall. With oil prices falling below $70 per barrel, their lowest since 2021, there’s solid room for gas prices and diesel to continue falling for some time. We expect the national average could fall below $3 per gallon as early as October for the first time since 2021.”
De Haan added:
“Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance.”
The last ten years
GasBuddy reported the lowest price for gas in Richmond on Sunday was $2.90 per gallon, while the highest price was $3.69 per gallon. The average gas price was around $3.49 per gallon, the same as last year.