Gas prices – whew! – are lower as summer travel approaches
GREENVILLE, N.C. (WNCT) – As many people get ready to hit the road this Memorial Day weekend, prepare to spend a little less at the pump.
Experts say gas prices this summer will be the lowest we’ve seen in more than a decade, which is good news for the more than 1 million North Carolina drivers expected to travel on the roads for the unofficial start to summer this weekend.
Prices at the pump have risen a little over the past couple weeks, but compared to this time last year, consumers are saving about $0.30 to $0.40 a gallon. Compared to two years ago, the U.S. Energy Information Administration says the average household will spend about $900 less on gasoline this year.
Local consumer expert and Director of ECU’s Bureau of Business Research Dr. Jim Kleckley says this is great news for drivers.
“It’s almost like a tax cut. You know if you have