Gas prices up 1.4 cents per gallon from last week in Roanoke
Roanoke, Virginia – According to GasBuddy’s daily survey of 155 stations in Roanoke, gas prices in the city have increased by 1.4 cents per gallon in the last week, and are now $3.28 per gallon on average.
Compared to a month ago, gas prices in Roanoke are 20.5 cents per gallon higher, and they are 82 cents per gallon more than they were a year ago.
As of today’s GasBuddy pricing reports, the cheapest station in Roanoke is selling gas for $3.09 a gallon, while the most expensive station is charging $3.69 for the same fuel. This is a difference of 60 cents per gallon. The lowest gas price in the state is $2.99 per gallon, while the highest price is $3.94 per gallon, representing a 95-cent per gallon difference.
The national average price of gasoline has increased by 3 cents per gallon in the last week, and now stands at $3.51 per gallon on the national average. The national average has increased by 20.5 cents a gallon from a month ago and is now 88.7 cents per gallon more than it was a year earlier.
“With tensions still very high that Russia may invade Ukraine, gasoline prices kept moving higher, tugged by the rising price of oil as the market concentrates on possible outcomes from the situation that could affect global oil production amidst recovering demand. However, with nuclear talks between Iran and global powers ongoing in Vienna, the possibility exists that a new deal could bring Iran’s crude oil supply back to legitimate markets, helping to ease a slight portion of supply concerns. While the proposition remains in the air for the time being, we’re also just a few weeks away from the traditional start of the spring surge in gasoline prices, brought on by the change to summer gasoline, seasonal maintenance at refineries and rising demand. The weeks ahead could be rather ugly with rising prices, especially if Russia pursues a strong-arm invasion of Ukraine,” head of petroleum analysis for GasBuddy, Patrick De Haan, said.