Gas prices are below $3 in some places in Richmond, Virginia

Gas StationPhoto byifer endahlonUnsplash

According to WTVR 6 News on September 23, 2024, the average price for a gallon of gas in Richmond, Virginia is below $3.

GasBuddy survey of more than 550 gas stations in the area shared that the average price on Monday was $2.98 per gallon. That means it is 24.6 cents per gallon lower than last month and 54.3 cents per gallon lower than last year when it was $3.52.

Notice the below $3 amount is the average. GasBuddy found the least expensive gas in Richmond was priced at $2.67 per gallon, and the most expensive was $3.59.

That lower price is good news for Virginians. However, that's not the case in other locations where the price is actually going up.

Gas in some cities is going up

Patrick De Haan, head of petroleum analysis at GasBuddy, said:

"With oil prices jumping after the U.S. Federal Reserve cut interest rates by a larger-than-expected half percent, we've seen some states where gas prices have inched back up, while others have continued to decline. Most of these increases should be temporary with declines returning in the days and weeks ahead."