NC Gas Prices Could Drop To Four-Year Low

Gas prices have been falling in the past month, and AAA Carolinas spokesperson Tiffany Wright says they may drop even lower in the weeks to come.

“We’re seeing a ten-cent drop in a week, a 19-cent drop in a month,” says Wright. “So the prices are falling right now, and that’s always a positive for motorists.”

The state average is $3.11 per gallon but in Hillsborough some stations have already dropped to $2.99.

While prices could rise slightly in anticipation of Thanksgiving travel, Wright says it’s possible the entire state could see gas below $3.00 per gallon before long.

“Before we reach Thanksgiving, I think we will reach a statewide average of below $3.00,” says Wright. “That is barring anything catastrophic happening, but right now we’re in a really good spot as far as gas prices are concerned.”

A drop in crude prices combined with decreased demand and the seasonal switch to a cheaper, cold weather fuel blend are all contributing to the price break.

The last time the statewide average dropped below $3.00 per gallon was in December 2010.