Gas prices in Roanoke nearly a dollar cheaper than last year

ROANOKE, Va. (WDBJ) - Average gasoline prices in Roanoke have fallen 3.2 cents per gallon in the last week, averaging $3.16 per gallon today, according to GasBuddy’s survey of 155 stations in Roanoke. Prices in Roanoke are 4.1 cents per gallon lower than a month ago and stand 93.7 cents per gallon lower than a year ago. The national average price of diesel has fallen 5.6 cents in the last week and stands at $4.25 per gallon.

According to GasBuddy price reports, the cheapest station in Roanoke was priced at $2.98 per gallon yesterday while the most expensive was $3.39 per gallon, a difference of 41 cents per gallon. The lowest price in the state yesterday was $2.75 per gallon while the highest was $3.99 per gallon, a difference of $1.24 per gallon.

The national average price of gasoline has fallen 4.2 cents per gallon in the last week, averaging $3.40/g today. The national average is up 4.3 cents per gallon from a month ago and stands 82.9 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“The broad concern over recent failures of the U.S. and global banking system has put enough downward pressure on oil prices that we saw a reprieve in rising gasoline prices in the national average last week. But, it may be temporary in nature, and is unlikely to be a long lasting trend,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While California and areas of the West Coast saw some moderation in price, supply challenges amidst the transition to summer gasoline have led to sharp price increases in Arizona, and other markets saw varying impacts at the gas pump over the last week. Should the outlook for the banking sector improve, we could again see gasoline prices race higher, while continued or additional distress could raise the possibility of a broader economic slowdown, keeping gasoline prices in check. Overall, there are a lot of possibilities.”

Historical gasoline prices in Roanoke and the national average going back ten years:

March 20, 2022: $4.10 per gallon (U.S. Average: $4.23 per gallon)

March 20, 2021: $2.70 per gallon (U.S. Average: $2.88 per gallon)

March 20, 2020: $1.92 per gallon (U.S. Average: $2.11 per gallon)

March 20, 2019: $2.35 per gallon (U.S. Average: $2.60 per gallon)

March 20, 2018: $2.34 per gallon (U.S. Average: $2.56 per gallon)

March 20, 2017: $2.13 per gallon (U.S. Average: $2.29 per gallon)

March 20, 2016: $1.79 per gallon (U.S. Average: $1.98 per gallon)

March 20, 2015: $2.19 per gallon (U.S. Average: $2.43 per gallon)

March 20, 2014: $3.25 per gallon (U.S. Average: $3.53 per gallon)

March 20, 2013: $3.47 per gallon (U.S. Average: $3.70 per gallon)

Neighboring areas and their current gas prices:

Greensboro- $3.19 per gallon, down 4.6 cents per gallon from last week’s $3.23 per gallon.

Winston-Salem- $3.18 per gallon, down 4.7 cents per gallon from last week’s $3.23 per gallon.

Virginia- $3.22 per gallon, down 3 cents per gallon from last week’s $3.25 per gallon.

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