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Gas prices fall another six cents

Posted at 7:40 AM, May 21, 2012
and last updated 2012-05-21 07:40:36-04

RICHMOND, Va. (WTVR) – Richmond gas prices dropped 6.3 cents per gallon in the past week, according to gasoline price website RichmondGasPrices.com. The website reported the average price for a gallon of gas is now $3.49. Nationally, the average price is $3.70 per gallon.

Gas prices around Richmond are 33 cents lower than last month, 27 cents lower than last year.

“With Memorial Day a week away, it’s time to put to bed an old myth that gasoline prices rise ahead of a major holiday,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “Average gasoline prices will likely continue to decline in the days ahead of Memorial Day.