Gas prices in the Carolinas are falling as Carolinians prepare to hit the road for Thanksgiving. AAA forecasts more than 1.4 million North Carolinians and nearly 740,000 South Carolinians will drive to their destination.
“Carolina motorists may have something extra to be thankful for this Thanksgiving,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “Gas prices are likely to keep dropping through the holiday weekend and could ultimately fall 20 to 30 cents per gallon. The decline is being driven by strong refinery output, which led to a big gain in gas supply.”
North Carolina’s current gas price average is $3.32, having a seven-cent decline on the week. This is 14 cents less than a month ago and 12 cents more than last year. In Goldsboro, Sam’s Club is the cheapest at $3.04 a gallon followed by Murphy Express on Highway 581 at $3.09.
Today’s national average of $3.66 is 16 cents less than a month ago and 26 cents more than a year ago.
According to data from the Energy Information Administration (EIA), gas demand fell last week, while total domestic gasoline stocks rose. Increasing supply and fewer drivers fueling up have pushed pump prices lower. As demand remains low and stocks grow, drivers will likely see pump prices dip through the Thanksgiving holiday.