VIRGINIA BEACH — No news is good news for drivers filling up their tanks, according to AAA, as the national average for a gallon of regular gasoline stayed the same this past week at $3.08.
AAA explained gas prices have remained relatively quiet this month thanks to an abundance of crude oil. As the nation prepares to enter the busy Thanksgiving travel period, the association expects pump prices to remain where they are now or drop even lower. Currently, drivers are paying the same as this time last year, when the national average was also $3.08.
According to new data from the Energy Information Administration, gasoline demand increased from 8.87 million barrels per day last week to 9.02 million. Total domestic gasoline supply decreased from 206 million barrels to 205.1 million. Gasoline production increased last week, averaging 9.9 million barrels per day.
Locally, the gas price average for the Commonwealth Thursday was $2.92. Thursday’s price was four cents higher than a week ago and three cents lower than a month ago. In Hampton Roads, prices increased five cents to $2.96, which is two cents lower than a month ago and 11 cents higher than a year ago.
