Gas prices are down nationally, to an average of $3.19 a gallon, according to AAA, likely a function of decreased demand in the areas impacted by Hurricane Helene.
Oil prices are creeping higher, up 27 cents per barrel at the close of trading on Thursday to settle at $70.10 a barrel.
The increase in oil prices is the result of the ongoing tensions between Iran and Israel fueling fears that a war could disrupt oil shipments through the Straits of Hormuz, a vital chokepoint for maritime traffic.
“Despite the threat of war and a hurricane season that is still percolating, domestic gasoline prices are edging lower,” said Morgan Dean, AAA Mid-Atlantic spokesperson. “There are now 18 states east of the Rockies with averages below $3 a gallon. And OPEC+ is saying, at least for now, they will increase production starting Dec. 1st, putting even more downward pressure on pump prices.”
Virginia’s average of $2.98 is down four cents from a week ago, down 21 cents from a week ago and is 53 cents cheaper than on this day a year ago.
Today’s national average for a kilowatt of electricity at a public charging station is 35 cents. Virginia’s average for a kilowatt of electricity at a public charging is the same as the national average: 35 cents.
Kansas currently has the cheapest charging average in the country at 22 cents.
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Chris Graham
