Richmond, Va. (Newsradiowrva.com) - Gas prices have been on the rise nationwide, and Virginia is no exception. Up 33 cents in the last month and 14 cents from a year ago, gas prices underwent a sharp spike in January. In Richmond, a gallon of gas has gone up 37 cents in the last month and 7 cents in just the last week.
These price jumps are related, according to AAA's Morgan Dean, to both unexpectedly high demand and a jump in the price of crude oil. The rise seems to be stabilizing, however, and Dean says that with potentially colder weather reducing demand, as well as a recent reduction in crude oil prices, prices may slowly start to fall again soon.
