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Tuesday, October 14, 2008

Gas Prices Dip Below $3 in Roxboro!



Gas prices continued to fall Tuesday across the state with the average for a gallon of regular unleaded at $3.45, according to AAA.

But in Roxboro, motorists on Durham Road are seeing prices that have fallen to $2.99 a gallon, including the Kenaco station on the corner of Durham Road and Patterson Drive.

North Carolina has the third highest fuel costs in the nation, partly because of the limited supply of gasoline coming from one pipeline that serves at least eight other states.

That, coupled with retailers' hesitance to lower prices until they recover their gas supply, put the state behind Hawaii and Alaska as the most expensive states to buy gas.

But industry experts say the statewide average should continue to drop each day as the state's inventory continues to build over the next few weeks and retailers – who rely on a gas supply to draw customers inside their stores -- begin to feel comfortable.

Statewide, prices are down 5 cents from Monday and 52 cents from a month ago, according to AAA.

In the Triangle, a gallon of regular unleaded gas in the Triangle on Tuesday was $3.56, down 6 cents from Monday. A gallon in Fayetteville was down 8 cents from Monday at $3.42 a gallon.