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CREEPING Down; Gas Prices PDF Print
Written by Steve Frank   
Friday, 27 May 2011 05:27

While oil prices have declined, gas prices here in the High Country have been slow to decrease—and in fact, bumped back up this morning.  Our average prices are still hovering just below $3.80 a gallon while our BP Barometer jumped back to $3.81.9. In the foothills, gas prices are at least 10 to 12-cents lower.

Some reports of gas in the $3.55.9 range are being reported in the Catawba Valley, while most stations in the Lenoir area are in the $3.65.9 range.   
AAA projects 34.9 million Americans will travel 50 miles or more from home during the Memorial Day holiday weekend, Thursday, May 26 to Monday, May 30. That's a slight increase of 0.2 percent -- or 100,000 travelers -- from the 34.8 million people who traveled one year ago, according to the annual AAA Leisure Travel Index holiday travel survey. The national average price for regular gasoline is $3.91, compared to $2.85 this time last year, according to the AAA. Despite higher gas prices, automobile travel continues to be the dominant mode of transportation. AAA says 88 percent of us will take to the nation's roadways during the Memorial Day holiday weekend.
Also despite higher gas prices, AAA predicts the average distance traveled by Americans during the Memorial Day holiday weekend is expected to be 792 miles, which is 27 percent greater than last year's average travel distance of 626 miles in 2010.

 

 

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