North Carolina motorists can buy gasoline for less than $3 a gallon for the first time in four years.
They’ll have to look a bit for those sub-$3 prices, but experts said Tuesday that the bargain gasoline prices could become much more widespread in coming weeks.
Meanwhile, South Carolina’s statewide average price for a gallon of regular gas has fallen below $3 a gallon, with some stations in the Greenville-Spartanburg area listing prices as low as $2.72.
The sinking gas prices are the result of surging U.S. production, a lessening of demand elsewhere in the world, and a cheaper winter blend of fuel being used, officials said. AAA Carolinas President David Parsons said the falling prices could remain through Thanksgiving, the biggest travel holiday of the year.
“It’s great to see motorists in the Carolinas drive away from the gas pump with more money in their wallets,” Parsons said. “Travelers hitting the road for the Thanksgiving holiday could be enjoying even lower prices at the pump than we’ve seen in recent years.”
North Carolina’s statewide average Tuesday was $3.16 a gallon, according to AAA Carolinas. The Charlotte-area average was $3.11, down 18 cents a gallon in the past month.
South Carolina’s statewide average was $2.97. Five other states – Minnesota, Mississippi, Missouri, Oklahoma and Tennessee – also are below the $3 mark.
In the immediate Charlotte area, the cheapest gas prices Tuesday morning were in Cabarrus County. A BJ’s store on Weddington Road Extension in Concord and a Sam’s Club in Kannapolis were selling regular for $2.91, according to the website Gas Buddy. There were a number of stations selling gas for $2.92, including one in Mecklenburg County – a Wilco Hess on North Tryon Street near Mallard Creek Church Road.