Gas Prices Fall For 5th Week

Gas Prices Fall For 5th Week

The price of gas in Eastern Carolina and across North Carolina has fallen for the fifth straight week.

According to AAA, as of Monday evening, the average price for a gallon of gas in North Carolina sits at $4.17….down from $4.31 last week and 46 cents lower than a month ago.

In Goldsboro, the average price is $4.09, down from $4.59 a month ago. The highest price was $4.64 on June 9th.

“We’ve seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we’ve seen in years. This trend is likely to reach a sixth straight week, with prices likely to fall again this week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition, we will see several states fall back under an average of $4, the majority being in the south, but that could spread to more states in the weeks ahead.”

North Carolina is the 9th cheapest state when it comes to gas prices, but analysts say prices could spike again in August with any disruptions to the supply chain, including a major hurricane.