Gas Prices On the Rise After Dropping to Lowest Levels Since 2009

Gas Prices
hand at gas pump

VIRGINIA BEACH, Va., (February 3, 2015) – Virginia begins February with a slight increase in gas prices. The current average price for unleaded gasoline rests at $1.97, still a 16 cent decline from last month, but a two cent increase from yesterday. Hampton Roads begins the month with the current price at $2.03, a three cent increase from the first of February. However, the average price for gas in the Hampton roads is still 14 cents cheaper than last month and a $1.15 than last year. Hampton Roads hasn’t since prices this low since May 9, 2009 when it was $2.04 a gallon.

U.S. average gas prices have increased seven days in a row for a total of two cents per gallon. Gas prices had declined a record 123 consecutive days to $2.03 per gallon before increasing last week for the first time since September 25. Gas prices averaged $3.34 per gallon in February, which was the cheapest monthly national average since 2011. By comparison, prices nationally averaged $3.65 in Feb. 2013, $3.55 in Feb. 2012 and $3.17 in Feb. 2011.

“Many drivers are noticing an uptick in gas prices for the first time in months,” said Georjeane Blumling, AAA Tidewater’s spokesperson. “It is typical to see gas prices increase this time of year due to refinery issues, yet the consumers should still experience lower gas prices not seen in years.”

Gas Prices as of February 3, 2015, for a gallon of self-serve regular gasoline:


Price Today

Price Last Month

Price Last Year









Hampton Roads




Gas prices have increased due to a combination of refinery issues and more stable crude oil costs. Refinery maintenance season is beginning and there also have been a number of refinery upsets, which can limit production. In addition, crude oil prices have stabilized, which has prevented any further declines in the price of gasoline.

Average gas prices had dropped to nearly $2 per gallon due to the steep decline in the cost of crude oil during the previous six month. Domestic crude oil prices (WTI) have fallen by more than half since June due to abundant supplies. U.S. oil production has increased by more than 70 percent since 2008, and this increase in production has helped to outstrip global demand, especially as economic concerns mount in both Asia and Europe.

Gas prices generally are at or near seasonal lows in January due to relatively weak demand. Many Americans cut back on driving and travel during the cold winter months, which can allow gasoline supplies to build.

  As part of North America’s largest motoring and leisure travel organization, AAA Tidewater Virginia provides its more than 325,000 members with travel, insurance, financial and automotive-related services. Since its founding AAA Tidewater Virginia has been a leader and advocate for the safety and security of all travelers.  For more information, visit and follow us on Twitter at or on Facebook at