Richmond, Va. (Newsradiowrva.com) - Despite national gas price averages dropping 3 cents, Virginia averages rose 8 cents in the last week, and Richmond jumped up 9 cents. Virginia's prices have been stable, however, since last Thursday, a trend that AAA's Morgan Dean says could be a good sign.
After 113 straight days of dropping gas prices, directions changed on October 4th, bottoming out at $3.31. Prices then climbed over 25 cents in the next nine days, but have remained relatively stable since Thursday, October 13th. Now, due to factors like economic concerns, dropping crude oil prices, and lower demand, price trajectories have started shifting once again.
At this point nothing is certain, and Dean says that gas prices have a tendency to "shoot up like a rocket and float down like a feather," but the stability Virginia prices have seen in the last several is an encouraging sign.
