Gas prices likely to drop over next two weeks

CHICAGO, Ill. (WAVY) — Gas prices all over the country are expected to drop over the next two weeks.

According to a press release from GasBuddy, the U.S. average retail price of gasoline stands below $3.60/gal. for the first time since mid-April. Prices have dropped every day for the last 18 days. The average price per gallon has dropped by 5 cents in the past week.

“West Texas Intermediate crude, the benchmark for the U.S., traded below $100 per barrel today for the first time since April, reflecting a slow but steady decline in recent weeks,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.  “Over the same period, we’ve seen wholesale crude prices across the country slip dramatically.”

DeHaan said prices on the West Coast have fallen by more than 35 cents per gallon in July, while the rest of the country’s prices have fallen by 15 to 20 cents per gallon.

Visit WAVY’s Gas Prices interactive map to find the lowest gas prices in Hampton Roads.

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