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West Virginia Weekly Gas Price Update and Outlook
Tuesday, December 31, 2013 - 05:24
Including the change in gas prices in West Virginia during the past week, prices yesterday were 7.7 cents per gallon lower than the same day one year ago and are 1.6 cents per gallon higher than a month ago. The national average has increased 4.0 cents per gallon during the last month and stands 2.2 cents per gallon higher than this day one year ago.
"The sub $3/gallon gas was great while it lasted, but unfortunately it has nearly completely dried up," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "As of late Sunday night, zero states were seeing their averages under $3/gallon. As the New Year rolls in, this is a type of trend that we're used to seeing. The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won't last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two," DeHaan said.