WV fuel update and outlook

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Average retail gasoline prices in West Virginia have fallen 1.4 cents per gallon in the past week, averaging $2.12/g yesterday, according to GasBuddy’s daily survey of 1,154 gas outlets in West Virginia. This compares with the national average that has not moved in the last week to $2.12/g, according to gasoline price website GasBuddy.com.
Including the change in gas prices in West Virginia during the past week, prices yesterday were 44.8 cents per gallon lower than the same day one year ago and are 16.1 cents per gallon lower than a month ago. The national average has decreased 9.4 cents per gallon during the last month and stands 55.1 cents per gallon lower than this day one year ago.
According to GasBuddy historical data, gasoline prices on Aug. 15 in West Virginia have ranged widely over the last five years: $2.56/g in 2015, $3.50/g in 2014, $3.56/g in 2013, $3.74/g in 2012 and $3.61/g in 2011.
Areas nearby West Virginia and their current gas price climate: Pittsburgh – $2.29/g, down 1.2 cents per gallon from last week’s $2.30/g.; Charleston – $2.15/g, down 2.9 cents per gallon from last week’s $2.18/g.; Virginia – $1.90/g, flat from last week’s $1.91/g.
“Many communities across the country have witnessed some form of a gas price rebound in the last week,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “As oil prices have continued to lift, gasoline prices may see additional slight increases in some parts of the country again this week, but overall, gasoline and diesel prices remain very low considering we’re nearing the conclusion of the summer driving season. Barring a disruption to fuel supply as we enter the peak of hurricane season, gas prices nationally will spend more time below $2 per gallon this autumn and winter than they did last year, and I’m sure that’ll make many motorists happy.”
For LIVE fuel price averages, visit http://media.gasbuddy.com.