Filling up is getting more expensive.
On the week, nearly 20 states have gas price averages that increased at least three cents. Upward price movement at the state level has jumped the national gas price average up to $2.25, an average not seen since stay-at-home guidance was issued in mid-March, according to a release Monday from AAA Tidewater.
However, the average pump price in Virginia did not change in the past week, remaining at $2.10. Statewide, the average price is 24 cents cheaper than last year this time. In Hampton Roads, the price also held steady at $2.11. This is 15 cents less than a year ago.
The Energy Information Administration measures weekly gasoline demand at eight million barrels/day, up from the previous week, while gasoline stocks decreased about one million barrels down to 237.7 barrels. Typically, this combination would result in cheaper gas prices, but with crude oil pricing at the highest levels since February, that is not the case.
“December has ...
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