WINNING POWERBALL NUMBERS: 19-47-68-60-43 (10)

NC gas prices drop below average from last year

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CHARLOTTE, N.C. — North Carolinians are getting a break at the gas pump.

AAA Carolinas reports that gas prices in the state on Monday finally dropped below what they were a year ago.

The average price for a gallon of regular gasoline was about $3.79, compared with about $3.82 on April 30 a year ago.

The motor club reports that prices have been steadily declining for the past three weeks or so.

There are a number of reasons for the decline. Among them Iran has stopped threatening to cut off oil shipments through the Straits of Hormuz, the Chinese economy has weakened, easing oil demand and Americans are driving about 6 percent less than they were last year.
This article was provided by The Associated Press Wire.  (Copyright 2012 by The Associated Press. All Rights Reserved.)

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.