N.C. motorists paying less for gas now than a year ago

From staff reportsNovember 19, 2012 

GASPRICE1.061610.TI

N.C. motorists are paying less for gas now than they were a year ago.

TAKAAKI IWABU — TAKAAKI IWABU - tiwabu@newsobserver.com

— Gasoline has gotten noticeably cheaper in recent weeks, to the point where motorists heading out for the Thanksgiving holiday this week will pay less than they did at this time last year.

The average price of regular unleaded in the Triangle was $3.30 a gallon on Monday, according to AAA. That’s down about 55 cents from the recent peak in mid-September and about 7 cents a gallon less than the same date a year ago.

AAA says the cost of gasoline is following declines in crude oil prices, on concerns about the global economy, some strengthening of the U.S. dollar and falling demand after the summer driving season.

Gasoline prices vary around the state. You can expect to pay about 11 cents a gallon more in the Asheville area, and about 4 cents a gallon less in Fayetteville and the Triad, according to AAA.

If you’re headed out of state, you’ll find cheaper gas on average in Virginia and South Carolina.

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