Local News

Demand Could Mean Record-High Gas Prices in N.C.

Posted April 26, 2007

— North Carolina motorists could be paying $3.30 per gallon of gasoline by the peak of the summer-driving season, economists are forecasting.

If so, it would breaking the local record of $3.18 per gallon for regular unleaded gasoline..

Part of the reason, experts say, is because motorists are using more gasoline now than ever before. Higher prices were expected to lower demand, but because more motorists are using more gasoline, it puts pressure on an already tight supply.

"I won't say this is blanket for everyone, but on average, American incomes have gone up enough for many people to afford these higher gas prices," said Mike Walden, an economist at North Carolina State University. "Even though we don't like it, many can afford it.>

Triangle drivers are paying an average of $2. 87 a gallon for regular unleaded gasoline -- a 36-cent increase from a month ago.

Across the country, drivers will burn about 9.5 million barrels of oil a day to drive 8.5 billion miles.


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  • SOCLOSE Apr 27, 2007

    jbtilley - I was thinking the exact same thing. The article said something about the prices weren't expected to exceed $3.00 like they thought initially.

  • Joy4u2 Apr 27, 2007

    I pay for high test gas that is what my car calls for and I will continue to use it. Its a 04 corvette and it get 29.3mpg. in town on the interstate it gets 30.2mpg. so much for better fuel mileage, my husbands hhr. don't get that good. The only reason they are raising the gas prices is its vacation time plain and simple. its called price gouching.

  • lboyette Apr 27, 2007

    Who said we could afford to spend the money on the gas hike? Is Mike walden serious? He might be able to afford that high price for gas,just remember the more we spend on our gas tanks the longer it takes some of us to pay a bill, something would have to wait.we certainly have to go to work.What about mass transportation.why is this place still in the stone age.We keep widening the beltline and connecting interstate loops,but the traffic still sucks.All this money could have gone into a mass transportation plan.The buses take two hours to go to a destination that in a car would only take twenty minutes.We are at a lost because our transportation options are low.Lets not forget we will be paying a toll to go to RTP soon.what's next?

  • jbtilley Apr 27, 2007

    Ha. Hey, someone should dig up that WRAL article from a week ago that said prices would peak at $2.899/g.

  • Politically Honest NOT PC Apr 27, 2007

    IF the media would not feed the fire by announcing gas price hikes guess what?? They would not go any higher. HEY WRAL,WTVD AND ALL THE REST (I know caps is the same as shouting, it was meant to be) start announcing the lowering of gas prices and see what happens.

  • ObamaMustGo aka NCcarguy Apr 27, 2007

    and guess where the gas tax is supposed to go? build more and better roads! Why isn't it working? because the GENERAL ASSEMBLY and OTHER state government officials have stolen money out of it for other give away programs. You people that keep complaining about President Bush need to start looking into your own back yard.....the people you are electing to look after you, just raise taxes, and waste money...!!!

  • WXYZ Apr 27, 2007

    So, we can AFFORD higher priced gas...? The price of EVERYTHING we buy is relative to the price of the fuel which brings it to us and takes us back and forth to our jobs. Higher priced gas, diesel etc has caused the price of everything to increase. Any pay raise we may get is quickly taken away by energy driven inflation. Why isn't the Bush administration pushing harder (on the supply side) for new refineries, new nuclear power plants and more competetion in the energy industries? And, on the demand side: the state and federal governments could do much more to get people to buy and use more fuel efficient vehicles. The US would not need to import any oil or build any new refineries if the average US commuting vehicle got an average of AT LEAST 20 mpg. You people who commute using gas guzzling vehicles are largely to blame for the ever increasing inflation.

  • inmyopinion3 Apr 27, 2007

    What these "economists" faiul to understand id its not just the gas in our own vehicles we end up paying for but every business under the sun increases their prices blaming the gas increase, they never bring their prices back down and then add more "gas costs increases" to their products, its a rachet effect, this is gone too far gas should be below $1 a gallon, force all states to use the same mix and octane levels and supply will increase, their needs to be agreement between states as to the fuel type and content this is well within our own control, but politicians all being payed by the oil and ga industries as too spineless to do anything.

  • salut2daking Apr 27, 2007

    It is not true that everyone can afford the gas. 3.30 is too expensive for gas. I don't have 60 bucks per month to spend in gas. The gas doesn't have to be as high as it is. When the gas goes up so does the crime. More gas drive offs, store robberies, car jacking, etc. Just watch.

  • Thornes Apr 27, 2007

    How about lets control the influx of illegals and subtract them from our demand for petrol. I mean seriously, i think a round figure i saw was like a 13.5 million illegals. Subtract an average of 13.5 million ILLEGALS X say 10gallons of gas, i think you can see the diffrence it would make overall on our economy. Yeah sure they do the jobs others do not want to do, but at the same time they TAX the entire system when it comes to Gasoline.