May 15, 2011
Gas prices in Central Virginia are holding stable this week while the future of crude oil prices remains uncertain.
The Mid-Atlantic Chapter of AAA released a new report Sunday, saying the average price at the pump for Charlottesville drivers is $3.80, up a penny from last week. That price is still below the Virginia average of $3.89 and well below the national average of $3.96.
With Memorial Day Weekend just two weeks away, U.S. Rep. Robert Hurt (R-5th District) said Congress is taking action by considering offshore drilling.
"That's what we need. We need more domestic supply," Hurt said. "The previous policy of banning domestic supply leads only to higher prices and a dependence on foreign oil, and I think we all agree, we don't want to be there."
Some analysts say they believe gas prices have peaked and prices could drop as much as 50 cents by summer.