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Posted: October 19, 2008
Updated: October 20, 2008

Gas prices dip below $3 nationally

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Pumping gas on July 4, 2008

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Pumping gas on July 4, 2008

Raleigh, N.C. — For the first time in eight months, the national average for a gallon of regular gas has dropped below $3, according to AAA.

On Sunday, the average price for a gallon of regular gas was $2.95 – a significant drop from last month’s average of $3.80 per gallon.

Some stations in the Triangle are already selling gas below $3 a gallon, but the state’s average is still $3.12. A month ago, the average for the state was nearly $4.

In September, the state saw its highest recorded average price at $4 per gallon.

North Carolina has one of the highest fuel costs in the nation, partly because of the state's gasoline supply comes from one pipeline that serves at least eight other states.

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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I got gas yesterday from a rural little store by the Wake,Johnston and Nash county line for $2.79!! I laughed when I later picked my kids up from a church outing and saw it on US70 in CLayton for $3.29 at several stations. I laughed and laughed. Perhaps all those "economists" who argue supply and demand can explain that to me.
Click to view my profile comeonnow
October 20, 2008 12:11 p.m.
Filled up at $2.31 in Iowa this weekend. Accounting for inflation, that's maybe a quarter or less over what gas should be if Katrina, etc. didn't happen.
Mr. Iowa
October 20, 2008 9:10 a.m.
IF our prices are the highest in the lower 48, why aren't the other 8 states served by the Colonial Pipeline just as high? Virginia is served by the same pipeline, and gas is closer to $2.50 a gallon there.

The Governor and AG were talking tough after Ike, but they're letting this price gouging continue unabated, and WRAL and the rest of the media is giving them all a free pass.

A week ago I filled up in Nags Head for $2.98/gallon, why is it still $3.35 in the Triangle?

Am I the only person really not happy about all this?
Milkman
October 20, 2008 8:56 a.m.
So do we currently have less supply? All of the pipelines shut down by the last hurricane are back in operation. Demand for gas has fallen nationally. The list of excuses for high prices has diminished. I say to the oil companies: Be honest and admit your greed! Why not? Either way we have to pay the price.
71RT
October 20, 2008 8:48 a.m.
"The extra tax money could go towards..."

Sure, it COULD but do you honestly think it will? It COULD also go back in people's pockets so that we don't spend all of our disposable income putting gas in the car.
xxxxxxxxxxxxx
October 20, 2008 8:47 a.m.
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