Richmonders finally get some relief at the gas pump
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Richmonders are finally seeing some relief at the pump after last summer's high of nearly $5/gallon.
Driving the news: Richmond drivers spent an average of $3.21 for every gallon of gas in February, per GasBuddy data. That's down 6% year over year, and down 1% from January.
- Nationally, gas cost about $3.40/gallon in February — down 6% year over year, but up 2% from January.
The big picture: Cheaper gas is good news for American consumers, especially commuters.
Yes, but: Lower prices may disincentivize drivers from switching to more efficient cars, going electric or embracing public transit — all of which can have big environmental benefits.
Why it matters: More than three-quarters of American commuters drive to and from work, meaning they're particularly sensitive to the ebbs and flows of prices at the pump — especially as other basic goods also get more expensive.