Gas prices dip slightly in Virginia, but relief may not last

LYNCHBURG, Va. (WSET) — Gas prices in Virginia are easing slightly, but any relief at the pump may be short-lived.

AAA reports the state average is now $4.01 per gallon, down about four cents from last week. Despite the dip, prices remain significantly higher when compared to recent months, up roughly 65 cents from a month ago and nearly a dollar more than this time last year.

The national average is also elevated, sitting at $4.12 per gallon.

Experts say the primary driver behind the sustained increase is the rising cost of crude oil, fueled in part by ongoing tensions in the Middle East.

Even if those pressures begin to ease, analysts warn that drivers should not expect immediate relief.

“The old adage is about gas prices going up they go up like a rocket and then come down like a feather. So they tend to go up very fast in geopolitical crisis like this, but they come down much much slower. So we’re watching and waiting to see what happens there in the Middle East,” said Morgan Dean, Manager of Public and Government Affairs for AAA.

For now, the outlook remains uncertain as global events continue to influence what drivers are paying at the pump.