Business

Louisburg becomes hub for cheap gas

Posted May 16, 2012 4:56 p.m. EDT
Updated May 17, 2012 6:11 a.m. EDT

— People who drive on U.S. Highway 401 or Bickett Boulevard in Louisburg are enjoying gas prices 25 or 30 cents cheaper than most places in the Triangle. 

Drivers said they started noticing the prices drop around mid-April when a Sheetz opened along the stretch. 

Shirley Parker drove 10 miles from her Franklinton home on Wednesday to get gas at the Sheetz.

"Louisburg's got the best gas prices in North Carolina right now," Parker said. 

Gas prices along the strip are as low as $3.39 a gallon – much cheaper than the $3.69 a gallon seen at one gas station along Capital Boulevard in Raleigh.

While drivers are enjoying the cheaper prices, smaller gas stations say Sheetz has hurt their bottom line. 

"Sheetz, being a large corporation, they can lower the price with their volume. They can also do grand openings for approximately two weeks, where they can sell below cost," said Jaey Young, owner of Richards Oil Company, which distributes fuel to the Eagle Mart up the road from Sheetz.

Gas at Eagle Mart was $3.47 a gallon for regular unleaded fuel on Wednesday.

The Sheetz is open in the location formerly occupied by the Murphy House restaurant. The business, known for its barbecue and homemade macaroni and cheese, closed last year after six decades of operation.