AAA: Gas prices back under $2 a gallon across Virginia

AAA LogoLike autumn leaves, motorists have come to expect gas prices to fall this time of year.  In recent weeks, gas prices moved up across the country and in the Mid-Atlantic region due to regional refinery maintenance.  However, this week gas prices have begun to retreat and many areas in the Mid-Atlantic are seeing averages under $2 per gallon again.

The national average price of gas has decreased by 5 cents over the past week to $2.17 per gallon Sunday. Despite the slight increase in average pump prices, drivers continue to benefit from substantial discounts compared to recent years. Consumers are saving 12 cents per gallon month-over-month and 73 cents per gallon year-over-year.

The average in Virginia is $1.99 a gallon on Sunday.

Crude oil opened the week higher, yet the commodity fell to two and a half month lows Thursday after the U.S. Energy Information Administration (EIA) reported a crude stockpile of four times more than market expectations (up 4.2 million barrels).  WTI crude oil closed Friday’s formal trading session on the NYMEX at $40.73, down $3.56 on the week.

“This year’s autumn refinery maintenance season continues to make headlines for its impact on regional markets,” said Martha M. Meade, Manager of Public and Government Affairs for AAA Mid-Atlantic. “Gas prices in the Mid-Atlantic region have gone up slightly in recent weeks due to maintenance issues, but as issues are resolved and crude oil trends lower, prices at the pump should reverse course just in time for the holidays.”

Although gasoline demand typically retreats during the month of November, which could offset any major spikes in price due to supply shortages, unplanned outages could create volatility and put pressure on the national average in the near term. That said, the refinery maintenance season should be completed by Thanksgiving, and could lead to lower prices at the pump later in the year.

 

CURRENT AND PAST GAS PRICE AVERAGES

Regular Unleaded Gasoline (*indicates record high)

 

Today
11/15/15

Week Ago
11/8/15

Year Ago
11/15/14

National

$2.17

$2.22

$2.90

Virginia

$1.99

$2.02

$2.71

Charlottesville

$1.99

$2.01

$2.73

Norfolk Area

$2.96

$2.00

$2.76

Richmond

$1.94

$1.98

$2.63

Roanoke

$1.96

$1.98

$2.68

Crude Oil

$40.73
per barrel
(Friday 11/13/15 close)

$44.29
per barrel
(Friday 11/6/15 close)

$76.30
per barrel
(11/14/14)

 

         
 

UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.


augusta free press news
augusta free press news
augusta free press news


Comments