GAS PRICES: Richmond gas prices top national average. Is there a price drop in sight?

Posted at 10:42 AM, Apr 09, 2012
and last updated 2012-04-09 10:43:18-04

RICHMOND, Va. (WTVR) – Gas prices in Richmond average $3.92 a gallon, according to gasoline price website That is one cent above the national average.

According to the website, gas prices in Richmond rose 0.4 cents over the last week. Now some experts now say gas prices may peak sooner than expected.

“Gasoline prices in the hardest hit areas have finally shown signs of relief, with gasoline prices falling now in Chicago as they have for a few weeks in California,” said Senior Petroleum Analyst Patrick DeHaan. “We’re beginning to see refinery utilization rise, indicating refineries are coming out of maintenance and boosting production. If we continue to see utilization rise at domestic refineries, we may see an earlier peak than we have in prior years, ” DeHaan said.