Gas prices in North Carolina – and nationally – continue to follow the stock market in trickling down.
According to AAA, the average price of a gallon of unleaded was roughly $3.43 on Tuesday. That’s a penny cheaper than Monday and nearly 30 cents lower than last month.
On June 5, 2011, gas was going for $3.65.
The usual suspects are credited for taming gas prices that were poised to hit $4 a gallon just eight weeks ago – the unsettled debt situation in Europe, weakening economic indicators in the United States, and slowing growth in the Chinese market.
All of that means less demand for gasoline, driving prices down.
And the cost of gasoline could be headed even lower.
Oil hovered below $84 a barrel in early trading Tuesday, hovering near an eight-month low
Wilmington’s gas prices were actually below the state average, with AAA reporting an average of nearly $3.41 a gallon on Tuesday.
That compares to $3.75 a month ago.
Asheville continued to have the most expensive gas in the state at just over $3.48 a gallon.
Nationally, South Carolina continues to lead the cheap gas parade, with a gallon in the Palmetto State at about $3.18 a gallon.
In the Lower 48, Washington state had the most expensive gasoline at nearly $4.26.
