AAA: Gas prices won't be as high as last summer
Posted June 5, 2009 4:36 p.m. EDT
Updated June 5, 2009 7:25 p.m. EDT
Raleigh, N.C. — Gasoline prices are likely to continue to climb but won't reach anywhere near the record prices of last year's summer travel season, according to AAA Carolinas.
After dropping earlier this year, gasoline prices are on a steady rise. The average cost of a gallon of regular unleaded in the Triangle on Friday was $2.51, up 11 cents from last week and 48 cents from a month ago.
Jodi Woolard, a branch manager with AAA Vacations, said Friday that motorists could see gasoline prices reach around $2.75 a gallon this summer but that prices shouldn't come anywhere close to the nearly $4 mark last summer.
"Crude supplies are a lot larger than they were this time last year, and the demand is not as great," she said.
Woolard said people are driving less and staying closer to home because of the down economy. Woolard said AAA Vacations saw a 33 percent decrease in travel in its first quarter.
"People are not employed, so they're not spending the money to travel," she said.