Gas prices drop early holiday gift for travelers
Posted December 13, 2011
Fuquay-Varina, N.C. — Gas prices in Fuquay-Varina dropped this week with some places offering it for less than $3 per gallon.
Driving through Fuquay-Varina, WRAL News found at least four gas stations below $3 per gallon with the cheapest at $2.96 per gallon at Murphy Express off of Judd Parkway on Tuesday. Murphy Express raised its price to $3.19 per gallon Tuesday afternoon. Fuel Tracker: Find lowest gas prices
Drivers, like Martha Dewar, have been thrilled watching the prices drop over the past few days.
"I think it's great," Dewar said. Gas prices dip before holidays
In Fuquay-Varina, it is still hit or miss. Within a mile of gas stations offering less than $3 per gallon prices, others are still selling gas up to $3.30 per gallon. Toward Raleigh, prices are also still hovering above $3.
The North Carolina Petroleum and Convenience Marketers Association Executive Director Gary Harris said it's not unusual to see a cluster of gas stations drop prices significantly in a price war. Harris also said the volatile commodities market drives constant price fluctuation, sometimes drastically.
Driver Jennifer Baucom arrived at Murphy Express just after the price per gallon went up to $3.19, but she still considered it a good deal.
"From last week, its 10 cents cheaper, so it tends to fluctuate on a daily basis," Baucom said.
The national average price per gallon on Tuesday was $3.26. In North Carolina, the average was just a penny higher.