By Jesse Wood
Dec. 16, 2014. Drivers continue to save money at the pump as gas prices fall further.
Since May, crude oil and correspondingly gas prices have been in a downward spiral. In May, the price per gallon peaked this year at about $3.70 in North Carolina. Today a gallon of gas is hovering around $2.50, according to the AAA Fuel Gauge Report.
The $1.20 difference in prices over the past several months amounts, to paying, for example, $14 to $15 less to fill up your 12-gallon tank or $21 to $22 less to fill up your $18-gallon tank today than it did in May.
The national average is $2.53 for regular gas and that compares to $2.54 for the state average. While prices aren’t as low as South Carolina, Tennessee, Texas, Alabama and Louisiana, for example, which sit in a range of $2.22 to $2.38 per gallon, they also aren’t as high as New York, Pennsylvania, California, Washington and Oregon, which range from $2.74 to $3.69 per gallon.
Just like the rest of the country as a whole, gas prices in Boone vary considerably. The latest figures from online trackers (see image below) show that prices in Boone vary from under $2.50 to more than $2.70.
Yesterday, AAA tweeted that the “most common gas price in the country is $2.399 per gallon.”
AAA also noted that more than 12 states featured some gas stations that were selling gas for less than $2 per gallon.
While individual drivers of typical vehicles are saving between $15 to fill up a 12-gallon tank and $20 to fill up an 18-gallon tank at each refill, AAA estimated that drivers across the national are saving a total of $400 million each day compared to the peak prices earlier this year.
Below are prices tracked by www.northcarolinagasprices.com.