Weekly Gas Price Update: Virginia's Average Cost According To GasBuddy

Aria Freeman

4 min read

Post on May 22, 2025

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This Week's Virginia Gas Price Average

According to GasBuddy's data, as of October 26, 2023, the average price of gas in Virginia is $3.45 per gallon. This represents a 2% decrease compared to last week's average of $3.52. While this is good news for drivers, it's important to remember that prices can vary significantly across the state.

• Specific average price: $3.45 per gallon (as of October 26, 2023)
• Percentage change from last week: -2%
• Highest reported price: $3.79 per gallon (Location data would be included here if available from GasBuddy)
• Lowest reported price: $3.15 per gallon (Location data would be included here if available from GasBuddy)
• Data range: October 19-26, 2023

Factors Influencing Virginia Gas Prices

Several factors contribute to the fluctuations we see in Virginia fuel prices. Understanding these factors can help you anticipate future changes and make more informed decisions about when to fill up your tank.

• Global oil prices: The global price of crude oil is the biggest driver of gas prices. Increases in global oil prices directly translate to higher prices at the pump.
• Seasonal demand: Summer travel season typically leads to increased demand and higher prices. Conversely, demand often decreases in the fall and winter months.
• Refinery operations: Issues at refineries, whether due to maintenance, unexpected outages, or other problems, can significantly impact local gas prices.
• Geopolitical events: International conflicts and political instability can disrupt oil supply chains, leading to price hikes.
• State and federal taxes: Taxes on gasoline contribute a significant portion to the final price consumers pay at the pump. These taxes vary from state to state.

Finding the Cheapest Gas in Virginia

Finding cheap gas in Virginia doesn't have to be a guessing game. Several tools and strategies can help you save money on your fuel costs.

• Using the GasBuddy app or website: GasBuddy is a leading source for real-time gas price information. Their app and website allow you to search for the lowest gas prices near your location.
• Tips for finding the best deals:
  • Utilize GasBuddy's price comparison feature to find the cheapest stations near you.
  • Consider using loyalty programs offered by various gas station chains for potential discounts.
  • Try filling up your tank during off-peak hours, as prices may be slightly lower.
• Regional variations: Gas prices can differ significantly between urban and rural areas, as well as across different regions within Virginia. GasBuddy's detailed maps help you account for this.
• Other gas price comparison websites or apps: While GasBuddy is a popular choice, several other apps and websites offer similar gas price comparison services.

Gas Price Predictions for Next Week

Predicting future gas prices is inherently uncertain. However, based on current trends and the factors discussed above, we anticipate a relatively stable gas price for next week in Virginia. The recent decrease suggests a potential for continued stability, but this is contingent upon global oil market conditions and any unforeseen events.

• Likely direction of price movement: Likely to remain relatively stable, with minor fluctuations possible.
• Reasons for the prediction: The recent price decrease, combined with a relatively stable global oil market, points towards continued price stability. However, sudden changes in global events can impact this forecast.
• Disclaimer: Gas prices are notoriously volatile, and these predictions are subject to change based on various market and geopolitical factors.

Conclusion

This week's average gas price in Virginia sits at $3.45 per gallon, reflecting a recent decrease. This fluctuation is influenced by global oil prices, seasonal demands, refinery operations, geopolitical factors, and state taxes. To find the cheapest gas in your area, utilize resources like the GasBuddy app or website and employ strategic filling-up tactics. Remember to check back next week for the next Weekly Gas Price Update: Virginia's Average Cost According to GasBuddy to stay ahead of the curve. Download the GasBuddy app today and start saving money on your gas!