Here’s why gas prices may not stay low for long

Local News

POWHATAN COUNTY, Va. (WRIC) — If you need to fill up on gas, now might be the best time to do so.

For the first time in 18 months, gas prices are cheaper than they were a year ago, according to AAA.

The national average is $2.45, which is more than 30 cents cheaper than what it was a month ago. In Central Virginia, the average price is $2.17 — eight cents cheaper than last year. 

But don’t get too excited. 

The Organization of Petroleum Exporting Countries (OPEC) will meet on Thursday in Vienna to discuss a reduction in crude oil production. That reduction could make gas prices go up in the future.

The only other thing that could keep prices low is if domestic crude oil inventory is up.

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