GAS PRICES: Prices jump seven cents in a week

Posted at 7:34 AM, Mar 12, 2012
and last updated 2012-03-12 07:34:17-04

RICHMOND, Va. (WTVR) – Gas prices in Richmond, Virginia rose seven cents over the last week, according to gas price website The site reported the average price for gas in Richmond is $3.65 a gallon, still 10-cents below the national average.

“With a likely peak in gasoline prices still as much as two or more months away, the national average for a gallon of gasoline has already hit the bottom of the range that we projected back in January in our 2012 gasoline price forecast, which is quite concerning,” said Senior Petroleum Analyst Patrick DeHaan said in a press release. “While the recent pace of price increases has slowed somewhat, the spotlight will now shift to refining facilities as they start and finish maintenance- any unexpected problems arising from such may cause prices to resume a quick climb,” DeHaan said.

Gas prices in Richmond this week were 20-cents higher than last year.