Roanoke gas prices spike, set weekend rise record - WSLS 10 NBC in Roanoke/Lynchburg Va

Roanoke gas prices spike, set weekend rise record

Posted: Updated:
ROANOKE, VA -

The pain at the pump soared across the Commonwealth to start the workweek, and the Roanoke region set a record it wishes it didn't.

WEEKEND RECORD SET IN ROANOKE REGION

According to AAA Mid-Atlantic, the average price for a gallon of regular unleaded gasoline spiked 14 cents for the Roanoke region between Friday and Monday morning, rising to $3.57 per gallon.  That 14 cent jump is the highest for a weekend since at least 2004 in the Roanoke region, according to AAA's Windy Van Curen who checked the consumer group's records.

Statewide, the average gas price rose eleven cents to $3.61, while nationwide the average pushed up nine cents to $3.73.

Across the Commonwealth, the most expensive region outside of northern Virginia is the Charlottesville region, where prices average $3.60.  That price jumped 16 cents over the weekend.  The Roanoke region's average is the least expensive of the four areas that AAA checks for Virginia.

AAA notes that Virginia's gas price average has gone up 35 cents in the past 30 days.

WHY ARE PRICES SPIKING?

"The high prices drivers are seeing at the pump are a function of the age-old tension between supply and demand, and strangely enough, both are down now," AAA noted Monday.  "Crude oil supplies are also down in the wake of OPEC's decision several months ago to lower production by nearly one million barrels per day."

"Here is the upshot: a perfect storm is brewing at the gas kiosk as speculative money is flowing into the futures market like an oil gusher, oil prices are rising, and refineries are shutting down for seasonal maintenance. Much of the increase in pump prices stems from the cost of crude oil which has skyrocketed," AAA added.

FIND LOWEST PRICED GASOLINE

AAA's online gas price finder uses actual prices paid to help you find the lowest priced gas.  To find prices where you'll be driving, go to here: http://midatlantic.aaa.com/Outreach/GasInformation

  • Most Popular StoriesMost Popular StoriesMore>>

  • Prostitution sting nets 31 arrests

    Prostitution sting nets 31 arrests

    Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
    31 people are in trouble with the law after a three day prostitution sting in Richmond. Police told NBC12 they targeted specific areas where residents and business owners complained about the illegal activity.
  • Floydfest wraps up 'Revolutionary' festival

    Floydfest wraps up 'Revolutionary' festival

    Monday, July 28 2014 5:42 PM EDT2014-07-28 21:42:30 GMT
    This weekend wrapped up Floydfest 2014, an event thirteen years in the making that WSLS proudly sponsors.
    This weekend wrapped up Floydfest 2014, an event thirteen years in the making that WSLS proudly sponsors.
  • Bedford Sheriff Department searches home on Nemmo Road

    Bedford Sheriff Department searches home on Nemmo Road

    Tuesday, July 29 2014 4:19 PM EDT2014-07-29 20:19:56 GMT
    There was a flurry of police activity Monday in Bedford County.
    There was a flurry of police activity Monday in Bedford County.
  • Roanoke Police investigate shots fired incident

    Roanoke Police investigate shots fired incident

    Tuesday, July 29 2014 10:37 PM EDT2014-07-30 02:37:03 GMT
    On July 29, 2014 at 6:08 p.m. Roanoke Police were dispatched to the 1200 block of Orange Avenue NE to investigate a shots fired call. Immediately upon arrival officers detained several subjects believed to have been involved in the incident. The preliminary investigation suggests the individuals involved were traveling in two different vehicles on Hollins Road when at least one of the occupants in one of the vehicles starting shooting at the other vehicle. The vehicles separated briefly and t...
    On July 29, 2014 at 6:08 p.m. Roanoke Police were dispatched to the 1200 block of Orange Avenue NE to investigate a shots fired call. Immediately upon arrival officers detained several subjects believed to have been involved in the incident. The preliminary investigation suggests the individuals involved were traveling in two different vehicles on Hollins Road when at least one of the occupants in one of the vehicles starting shooting at the other vehicle. The vehicles separated briefly and t...
  • Former Va. governor's corruption trial begins

    Former Va. governor's corruption trial begins

    Jury selection is on the agenda for opening day in the corruption trial of a former Virginia governor and his wife in Richmond.
    Jury selection is on the agenda for opening day in the corruption trial of a former Virginia governor and his wife in Richmond.
  • Friends share memories of Caldwell Butler

    Friends share memories of Caldwell Butler

    Tuesday, July 29 2014 10:52 PM EDT2014-07-30 02:52:19 GMT
    People across the county and along the Roanoke Valley are mourning the loss of Caldwell Butler. Friends said the former congressman was an outstanding lawyer, a real gentleman and a devoted family man. On Tuesday, Rep. Bob Goodlatte, Rep. Griffith, and others in the Virginia delegation honored the life of former Congressman M. Caldwell Butler on the floor of the House. It was a fitting tribute by republicans and democrats who honored a man known to look beyond party lines. Friends said Caldwe...
    People across the county and along the Roanoke Valley are mourning the loss of Caldwell Butler. Friends said the former congressman was an outstanding lawyer, a real gentleman and a devoted family man. On Tuesday, Rep. Bob Goodlatte, Rep. Griffith, and others in the Virginia delegation honored the life of former Congressman M. Caldwell Butler on the floor of the House. It was a fitting tribute by republicans and democrats who honored a man known to look beyond party lines. Friends said Caldwe...
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.