VIRGINIA BEACH — The national average for a gallon of gas is closing in on the $3 mark, shedding three cents since last week to $3.03, and in Hampton Roads, prices decreased four cents to $2.80, according to AAA.
“The national average is tantalizingly close to falling below $3 a gallon, and it could happen in a few days,” said Ryan Adcock, AAA Tidewater spokesperson. “But 32 states, including Virginia, already have an average below or well below $3. Of all the metro areas in Virginia, Hampton Roads has the lowest gas price average coming in at $2.80 reaching a three-year low.”
AAA notes the last time the national average was below $3 was May 11, 2021. Meanwhile, Thursday’s national average for a kilowatt of electricity at a public EV charging station remained 34 cents.
According to new data from the Energy Information Administration (EIA), gasoline demand rose slightly from 8.50 million barrels per day last week to 8.73 million. Meanwhile, total domestic gasoline stocks rose slightly from 212.2 million barrels to 214.6 million, while gasoline production decreased last week, averaging 9.5 million barrels per day.
Thursday’s national average for a gallon of gas is $3.03, seven cents less than a month ago and 19 cents less than a year ago.
Locally, the gas price average for the Commonwealth decreased to $2.92. Today’s price is three cents lower than a week ago and eight cents lower than a month ago. In Hampton Roads, prices decreased four cents to $2.80, which is seven cents lower than a month ago and 27 cents lower than a year ago.
