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Gas Prices Vary In Triad As Nationwide Drop Continues

7:25 AM, Oct 22, 2013   |    comments
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GREENSBORO, N.C. -- Gas prices across the Triad vary from $3.12 to $3.75 but overall are continuing to drop, in accordance with falling gas prices across the nation.

Oil analysts with AAA said the nationwide average could drop to $3.15 by the holiday season, making it the lowest national average since 2010.

The average gas price in Greensboro is $3.29 for unleaded gasoline, according to GasBuddy.com. A month ago, it was $3.35, and a year ago, it was $3.52.

On East Wendover Avenue, it is $3.33 and $3.32 at the Hess station and CITGO, respectively. But, drivers can find it for even lower in Greensboro. The CITGO on Groometown Road and Wiley Davis has gas for $3.19. The highest-priced fuel in Greensboro is at Exxon on North Greene Street and Lindsay Street, where gas is $3.59.

The lowest-costing fuel in the Triad is in Lexington at Murphy, USA, where gas is $3.12. But, Lexington is also where drivers will find the highest-costing fuel--at Pure for $3.75.

GasBuddy.com has Winston-Salem gas averaging $3.22.  Gas prices dip as low as $3.15 near Pilot Mountain.  In Archdale, gas averages $3.25.

According to AAA's Daily Fuel Gauge Report, the national average was $3.344, down 14 cents since last month and down 33 cents since last year.  The current North Carolina average is $3.31.  South Carolina's is $3.15, and Virginia's is $3.17.

On Monday, crude oil prices fell below $100 a barrel for the first time since July.  Crude oil prices average $99 right now. The Organization of Petroleum Exporting Countries (OPEC) has said there could be a drop in energy demand, if the global economy weakens.  Oil analysts have said dropping gas prices are attributed to ample supplies and lower seasonal demand.  Low prices also are attributed to refineries' production of cheaper wintergrade gas and declining tension in oil-producing countries in the Middle East.

Already, people in several states have been able to get gas for three dollars or less.  The lowest state average is Missouri's, which is $3.06.

On the AAA Fuel Gauge Report, drivers can calculate how much fuel will cost them to go on a trip somewhere.  Drivers also can download the free GasBuddy.com app to find out where the cheapest gas is located in their areas.

WFMY News 2

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