Local News

Gas hits $4 in NC

Posted April 6, 2012 1:19 p.m. EDT
Updated April 6, 2012 5:55 p.m. EDT

— Gas has hit $4 in some places around North Carolina, and WRAL News found one station in Wendell selling gas for $4.10 a gallon.

The average price for a gallon of regular gas in Durham was about $3.93 Friday, which is about 3 cents higher than the state average. In Raleigh, the average price for regular gas was $3.91 per gallon.

In the past month, prices have risen more than 16 cents in the Triangle.

The owner of the gas station in Wendell, at the corner of Wendell Boulevard and North Magnolia Street, says his $4.10 gasoline does not include any ethanol. Pure gas allows vehicles to get more miles to the gallon and is better for old cars and lawn equipment, he said.

Experts say a big reason for high gas prices is fear about the supply of gas being disrupted if a military conflict occurs between Israel and Iran. Demand is currently outpacing supply, said North Carolina State University economist Mike Walden.

"As the economy recovers, more people are driving (and) more factories are using energy," Walden said.

He predicts that high prices will top out between $4.25 and $4.50 per gallon.