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Old Dominion News

Tuesday, November 5, 2024

Gas budget should rise $41.17 in March per average Virginia driver

The average Virginia driver will pay $41.17 more at the pump in March 2022 than they did in March 2021, according to an analysis of gas prices from the AAA motor club and Federal Highway Administration (FHA) data by Old Dominion News.

Virginia drivers will pay an average of $3.44 per gallon of regular gasoline this month versus $2.62 last year. This is a 31.5 percent increase equaling $0.82 per gallon.

Of the 12 Virginia metropolitan areas analyzed, drivers in Bristol-Scott-Washington faced the largest price hike at the pump in the last year of $47.01. Richmond-Petersburg was spared the worst pain, with the price of gas rising $38.17 from March 2021 to March 2022.

Gas prices across the US hit a seven-year high following a significant drop at the beginning of the COVID-19 pandemic.

The price of gas, derived from the cost of oil manufactured around the world, has the power to substantially change the free market and influence many industries.

A short-term outlook report from the US Energy Information Administration predicted gas rates will fall throughout 2022.

Virginia drivers average 1,209.1 miles and use 50 gallons of gasoline per month, according to the FHA.

Virginia gas price difference - March 2021 vs. March 2022

Market20222021CHG%Total increase
Bristol-Scott-Washington$3.45$2.51$0.9437.5%$47.01
Washington, DC, (VA Only)$3.54$2.69$0.8531.7%$42.62
Roanoke$3.40$2.55$0.8433.0%$42.07
Charlottesville$3.48$2.65$0.8331.3%$41.37
Lynchburg$3.38$2.57$0.8131.6%$40.57
Staunton-Waynesboro$3.46$2.65$0.8130.4%$40.32
Norfolk-Virginia Beach-Newport News$3.39$2.59$0.8030.8%$39.92
Blacksburg-Christiansburg-Radford$3.42$2.62$0.7930.3%$39.67
Fredericksburg$3.47$2.68$0.7929.6%$39.67
Winchester$3.47$2.69$0.7829.2%$39.12
Harrisonburg$3.48$2.70$0.7829.0%$39.07
Richmond-Petersburg$3.41$2.64$0.7628.9%$38.17

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