Prices spike at gas pumps

Published 10:17 pm Wednesday, October 10, 2018

Drivers in Hampton Roads and across Virginia saw gas prices rise with a surprising 6-cent increase compared to last week, the highest since gas prices were nearly $3 per gallon in 2014, AAA Tidewater announced in a Monday press release.

The average gallon of unleaded gas in Virginia was $2.68 on Monday, which was 7 cents more than last month and a 35-cent increase from last year. Gas prices in Hampton Roads were 3 cents less than the state average at $2.65, but still 5 cents more than last month and a 39-cent spike from last year, according to the press release.

The national average rose three cents on the week to $2.91, and all but seven states are paying more for a gallon of gas than they did a week ago. On Monday, the national gas price average was six cents more than a month ago and 41 cents more than a year ago.

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“The September switch-over to winter-blend gasoline ushered in cheaper gas prices compared to the summer, but that drop was short-lived,” AAA Tidewater spokeswoman Georjeane Blumling stated in the press release. “Crude oil accounts for half of the retail pump price and crude is selling at some of the highest price points in four years. That means fall and year-end prices are going to be unseasonably expensive.” on Tuesday recorded regular gas prices at Suffolk pumps that ranged from as low as $2.55 to as high as $2.74 per gallon, a solid uptick compared with the $2.48 to $2.69 range that was recorded on Oct. 2.