Lee County sees lowest price for premium gas at $3.19 in week ending Feb. 7

Federal Energy Regulatory Commission (FERC) Chairman Willie L. Phillips
Federal Energy Regulatory Commission (FERC) Chairman Willie L. Phillips
0Comments

Lee County had one gas station selling premium gas at the lowest price of $3.19 per gallon during the week ending Feb. 7, according to customer reports submitted to GasBuddy.

The average reported price of premium gas across the county was $3.54 per gallon.

Lee County had three of 20 reported gas stations offering premium gas.

Statewide, premium gas averaged $3.72 per gallon for the week ending Feb. 7, up from the previous week.

U.S. gas prices continue to decline after reaching their lowest level since 2021, according to GasBuddy. The group projects the national average could dip below $2.80 per gallon during the holiday period, driven by increased oil production and lower seasonal demand.

The U.S. Energy Information Administration expects global oil stockpiles to keep growing into 2026, a trend that could weigh on crude prices in the near term. Brent crude is projected to average about $55 per barrel in early 2026 and remain near that level for the rest of the year. The agency notes that production decisions by OPEC+ and continued inventory building in China could limit how far prices fall.

Gas price data reflects cash payments. Some stations may charge higher prices for credit card transactions due to processing fees, though such surcharges are prohibited in some states and territories.

Data is accurate as of press time, but gas prices have been known to fluctuate on a daily, and even hourly, basis.

Lowest Reported Premium Gas Prices in Cities Associated With Lee County in Week Ending Feb. 7

Information in this article was obtained from GasBuddy. The source data can be found here.



Related

U.S. Rep. Morgan Griffith representing Virginia's 9th Congressional District

Virginia Tech receives federal grant for research into cryptococcal meningitis

The U.S. Department of Health and Human Services (HHS) has awarded a $368,800 grant to the Virginia-Maryland College of Veterinary Medicine at Virginia Tech in Blacksburg, Virginia.

U.S. Rep. Morgan Griffith representing Virginia's 9th Congressional District

Griffith backs expanded EPA brownfields funding for Southwest Virginia

The U.S. House Committee on Energy and Commerce Subcommittee on Environment recently held a hearing to discuss legislative proposals aimed at improving and reauthorizing the Environmental Protection Agency (EPA) Brownfields Program.

U.S. Rep. Morgan Griffith Representing Virginia's 9th District

Virginia Tech receives over $700K federal grant for metabolic disease research

Virginia Tech has received a grant of $709,867 from the U.S. Department of Health and Human Services (HHS) to support research on metabolic diseases.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from SW Virginia News.