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Gas prices dip below $3 nationally

Posted October 19, 2008
Updated October 20, 2008

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— 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.

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  • ++Ajax++ Oct 20, 2008

    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.

  • Mr. Iowa Oct 20, 2008

    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.

  • Milkman Oct 20, 2008

    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?

  • 71RT Oct 20, 2008

    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.

  • xxxxxxxxxxxxx Oct 20, 2008

    "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.

  • mstan Oct 20, 2008

    Me again- The price of gas being so high has nothing to do with being able to improve roads, etc. The taxes are set to a gallon, they don't fluctuate when the price goes up. When a gallon goes to $4, the extra money goes towards OPEC nations, refineries, etc.

  • Me again Oct 20, 2008

    I hope gas here in NC never goes below $3. The extra tax money could go towards building/repairing roads, More at Four, Smart Start and anything else to help improve our state's 66% high school graduation rate.

  • EZeegoing Oct 20, 2008

    As much as I enjoy paying less for gas, I can't help but feel this is all part of the worldwide government effort to ease the pain in the economy. I have this gut feeling somebody is paying off big oil and OPEC under the table to lower prices until after the election. Hope I am wrong but I'm suspicious. Time will tell.

  • ty will belabor a point Oct 20, 2008

    i was in arkansas over the weekend. Gas in Cabot was 2.49

  • xxxxxxxxxxxxx Oct 20, 2008

    I'm getting of hearing this "one pipeline" story. So why is it that gas all around Durham and Raleigh is significantly cheaper and we're still in the $3.25+ range? Do they have their own pipeline? Why are the stations in Durham being allowed to get away with blatant price gouging?