West Virginia Weekly Fuel Update and Outlook

West Virginia, WV, October 2- Average retail gasoline prices in West Virginia have fallen 5.9 cents per gallon in the past week, averaging $2.56/g yesterday, according to GasBuddy’s daily survey of 1,154 gas outlets in West Virginia. This compares with the national average that has fallen 2.2 cents per gallon in the last week to $2.53/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in West Virginia during the past week, prices yesterday were 37.5 cents per gallon higher than the same day one year ago and are 13.3 cents per gallon lower than a month ago. The national average has decreased 8.3 cents per gallon during the last month and stands 31.4 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on October 2 in West Virginia have ranged widely over the last five years:
$2.19/g in 2016, $2.28/g in 2015, $3.40/g in 2014, $3.44/g in 2013 and $3.85/g in 2012.

Areas near West Virginia and their current gas price climate:
Pittsburgh- $2.80/g, down 2.4 cents per gallon from last week’s $2.82/g.
Charleston- $2.61/g, down 4.5 cents per gallon from last week’s $2.66/g.
Virginia- $2.42/g, down 4.5 cents per gallon from last week’s $2.46/g.

“For a third straight week, the majority of states saw average pump prices for gasoline fall as refineries affected by Hurricane Harvey in late August continued to show signs of being on the mend,” said Dan McTeague, senior petroleum analyst for GasBuddy. “All the more remarkable when you consider that oil prices, which rose over $5 a barrel in September, did not prevent gasoline prices from declining and that momentum is likely to continue with another decrease for the week ahead.”

“Though last week witnessed pump price increases in the Great Lakes, this can be traced to the price cycling behavior of the region, which means these states will see prices fall to start the week. Nationwide, many drivers continue to express frustration that the decreases aren’t reflecting pre-Harvey pump prices. As noted last week by Patrick DeHaan, Head of Petroleum Analysis at GasBuddy, “it will take weeks or months to see gasoline inventories recover fully, but prices will continue slowly drift lower as inventories improve.”

For LIVE fuel price averages, visit https://FuelInsights.GasBuddy.com.

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Tyler Barker is currently the News Director and Digital Content Manager for WOAY-TV. He was promoted to this job in Mid-November. He still will fill in on weather from time to time. You can follow Tyler on Facebook and Twitter @wxtylerb. Have any news tips or weather questions? Email him at tbarker@woay.com