GREENSBORO, N.C. (WGHP) – Gas prices have fallen 1.7 cents this week, three weeks after a ransomware attack shut down the Colonial Pipeline for several days, causing a supply chain crunch that drove up prices all throughout the country.
According to GasBuddy, gas prices in Greensboro are averaging $2.91 gallon. That is 27.3 cents higher than a month ago, just before the Pipeline was shut down, and over a dollar more than it was a year ago.
The cheapest gas found among 586 stations surveyed was $2.70 per gallon, and the highest was $3.19.
The summer travel season kicking off and increasing demand, combined with challenges in oil production means we’re unlikely to see a significant drop in prices this summer, according to Gas Buddy.