NORFOLK, Va. — After hitting all-time highs in the region and across the country, gas prices are starting to trend drown.
A spokesperson for AAA said crude oil prices are starting to drop this week, and if crude oil prices continue to fall, so will gas prices.
Taking a look at gas prices in Hampton Roads: just last year during the pandemic, we paid an average of $2.71 per gallon for gas.
Then last month, just as the crisis in Ukraine was starting, we were paying $3.38.
Prices spiked even further to $4.27 last week! But as of Friday, March 18, we are seeing an average of $4.06 in Hampton Roads.
Experts say we're not in the clear yet. There are other factors that could send prices back up, like the shift from winter-blend gasoline to summer-blend and the higher demand for spring travel.