VIRGINIA BEACH — The summer driving season has one month to go, and AAA says, so far, so good for drivers filling up their tanks.
This past week, the national average for a gallon of regular dropped two cents to $3.14, according to the association. July comes to an end with a monthly average of $3.15, the same as it was in July 2021, the last time summer gas prices were this low.
Crude oil prices have gone up slightly, AAA said, as gas demand has also risen, but not enough to drive up prices at the pump.
According to new data from the Energy Information Administration, gasoline demand increased from 8.96 million barrels per day last week to 9.15 million. The total domestic gasoline supply decreased from 231.1 million barrels to 228.4 million. Gasoline production increased last week, averaging 10 million barrels per day.
Locally, the gas price average for the commonwealth Thursday was $3.02 — one penny higher than a week ago and 11 cents lower than a month ago. In Hampton Roads, prices stayed the same at $3.10, which is two cents lower than a month ago and 18 cents lower than a year ago.
