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Gas prices continue freefall

As of Thursday morning, gas prices in the Ahoskie market stood at $2.30 per gallon. That marked a $1.09 decrease per gallon from August.

Meanwhile, average retail gasoline prices in North Carolina have fallen 6.1 cents per gallon last week, averaging $2.56/g on Sunday, according to GasBuddy’s daily survey of 6,092 gas outlets across the state. This compares with the national average that has fallen 8.3 cents per gallon in the last week to $2.57/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in North Carolina during the past week, prices on Sunday were 69.1 cents per gallon lower than the same day one year ago and are 26.4 cents per gallon lower than a month ago. The national average has decreased 33.2 cents per gallon during the last month and stands 67.0 cents per gallon lower than this day one year ago.

“By later this week, more stations in the U.S. will be charging under $2.50 per gallon than over, a remarkable milestone,” said Patrick DeHaan, senior petroleum analyst with GasBuddy. “In fact, as of Sunday evening, the number of states that saw at least one station at $1.99 or less had jumped to 13 from just three a week ago, and included Alabama, Arizona, Colorado, Indiana, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, Ohio, Oklahoma, Texas, and Virginia.

“As of midday Sunday, all 48 lower U.S. states saw averages under $3/gallon, with New York being the last of the lower 48 to join,” he added. “Motorists are saving $270 million dollars every day versus pump prices a year ago, but motorists using the GasBuddy app are saving even more – an additional 10-30 cents per gallon – as the difference between stations widens as gas prices fall at varying rates.”

About GasBuddy.com

GasBuddy is the premiere source for real-time local gas prices. Founded in 2000, GasBuddy.com developed as an initiative to provide consumers access to local, current gas prices. Through the GasBuddy.com website and the free GasBuddy mobile app, users can find and share gas prices with fellow drivers, saving big money at the pump.