VIRGINIA BEACH — Going nowhere fast is an apt description of the national average for a gallon of gas, AAA said, as it shed less than a penny since last week to reach $3.02.
The national average has been close to the $3 level for five weeks, yet faces stubborn resistance, it added. Meanwhile, today’s national average per kilowatt hour of electricity at a public EV charging station remained at 34 cents.
“I’d like to say that the national average will fall under $3 soon, but now I’m not so confident,” said Ryan Adcock, AAA Tidewater spokesperson. “It appears to be stuck despite low demand and cheaper oil. But 31 states, including Virginia, already have an average below $3.”
According to new data from the Energy Information Administration (EIA), gasoline demand rose just a bit, from 8.73 million barrels per day last week to 8.81 million, about 50,000 barrels per day lower than the same week in 2023. Meanwhile, total domestic gasoline stocks rose from 214.6 million barrels to 219.7 million, while gasoline production increased last week, averaging 10.0 million barrels daily.
Thursday’s national average for a gallon of gas is $3.02, five cents less than a month ago and 11 cents less than a year ago.
Locally, the gas price average for the commonwealth decreased to $2.91. Thursday’s price is one penny lower than a week ago and seven cents lower than a month ago. In Hampton Roads, prices increased two cents to $2.82 — three cents lower than a month ago and 15 cents lower than a year ago.
