VIRGINIA BEACH — This holiday season is delivering cheaper gas prices as travelers hit the road in record numbers, according to AAA, with the national average dropping more than four cents since last week to $2.89.
This is the cheapest December at the pump since the end of 2020, AAA said. Crude oil prices remain low, and despite an increase in gasoline demand over the holidays, supply is strong. Overall, 2025 has been a stable year for the national average with few fluctuations and no sharp spikes.
According to new data from the Energy Information Administration, gasoline demand increased from 8.45 million barrels per day last week to 9.07 million. Total domestic gasoline supply increased from 220.8 million barrels to 225.6 million. Gasoline production increased last week, averaging 9.6 million barrels per day.
Locally, the gas price average for the commonwealth Thursday was $2.75. Thursday’s price was eight cents lower than a week ago and 19 cents lower than a month ago. In Hampton Roads, prices decreased six cents to $2.77, which is 18 cents lower than a month ago and four cents lower than a year ago.
