Virginia gas station raises gas prices to $7 per gallon: report
Gas prices, shortage will shift consumer behavior: Retail expert
Strategic Resource Group managing director Burt Flickinger weighs in on the future of markets and rise in retail sales.
Gas shortages across the East Coast have led to long lines and panic buying. One business appears to have taken advantage of the situation by price gouging some of its customers, according to reports.
A BP in Richmond, Va., was charging customers $6.99 per gallon, WRIC reported Wednesday. According to photos of the gas station posted on Twitter, the price was only listed at the pump and not advertised on the sign.
Though prices have risen because of the gas shortages, $6.99 per gallon is an exorbitant increase.
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The average price for regular gas in the Richmond-Petersburg area on Friday was $2.938 per gallon, up slightly from Thursday’s average price of $2.914 per gallon, according to data from AAA.
Across the state, the average price for regular gas is $2.933, according to AAA.
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An employee of the Richmond gas station told WRIC that the owner had said they were out of gas. However, the station reported that people were still filling up their cars.