VIRGINIA BEACH, Va. – The average retail price of gas in Virginia Beach has risen 1.1 cents per gallon over the past week, averaging $2.08/gallon.
Despite the increase, the price is still below the national average, which rose 3.1 cents per gallon over the past week, now averaging $2.24/gallon, according to the gasoline price website GasBuddy.com.
Gas prices are 28.6 cents per gallon higher than this time last year, and 14.3 cents higher than just a month ago. The national average has increased 10.2 cents per gallon over the past month.
According to GasBuddy historical data, gasoline prices on December 19 in Virginia Beach have ranged widely over the last five years:
- $1.80/g in 2015
- $2.35/g in 2014
- $3.16/g in 2013
- $3.04/g in 2012
- $3.09/g in 2011
“With West Texas Intermediate crude oil holding over $50 per barrel for the last several weeks, gasoline prices have moved higher in a majority of the country,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. “Some 39 states saw average gasoline prices rise last week, and this week may see a similar fate at the pump as retail gasoline prices continue to play a game of catch up to the three week rally in oil prices.”