VIRGINIA BEACH — AAA said the holiday season is delivering a gift for drivers as the national average dropped 5 cents since last week to $2.94.
Gas prices are the lowest they’ve been in four years, according to the organization. The national average has stayed below the $3 mark since hitting $2.99 on Dec. 2. As a record number of travelers prepare to hit the road later this month, they’ll be paying less than they were last holiday season, when the national average was $3.04 to close out 2024.
According to new data from the Energy Information Administration, gasoline demand increased from 8.32 million barrels per day last week to 8.45 million. Total domestic gasoline supply increased from 214.4 million barrels to 220.8 million. Gasoline production decreased last week, averaging 9.6 million barrels per day.
Locally, AAA said the gas price average for the commonwealth Thursday was $2.83. Thursday’s price is six cents lower than a week ago and eight cents lower than a month ago. In Hampton Roads, prices decreased five cents to $2.83, which is 11 cents lower than a month ago and six cents higher than a year ago.
