Gas PricesTop story
Gas has dipped below $4 nationally, and Virginia's average is $3.78
Gas prices are down, but still above last year
- 13 cents
- drop in gas prices over the last week
- 40 cents
- drop over the last month, around
- 113 days
- in a row at or above $4 nationally, per AAA
- 88 cents
- higher nationally than a year ago
If you drive around Hampton Roads, gas is getting cheaper. The national average for regular dropped below $4 a gallon for the first time since July. AAA had Virginia's average at $3.78 Thursday morning, and Gasbuddy's Hampton Roads average was closer to $3.85, WAVY reported.
Gasbuddy analyst Patrick De Haan says about 60% of the decline is seasonal and 35% is easing geopolitical tensions. He said we could see probably 15 to 20 cents of decline by Thanksgiving.
- Thanksgiving Day forecast: potentially $3.55 to $3.65 in Virginia Beach and Norfolk
- December: prices likely stabilize in the mid-$3 range
- Longest $4 streak on record: 158 days, March 6 to Aug. 10, 2022
Relief hasn't reached everyone. Bryant Edwards, who owns Olympic Land and Lawn, told WTKR that fuel costs have forced cutbacks. "We no longer go into Norfolk. We don't go into Virginia Beach," he said.
One lawn company's fuel bill grew from about $2,400 to about $8,800
Source: WTKR
View as table
| Value | |
|---|---|
| This time last year | $2,400 |
| This year so far | $8,800 |
