Friday, May 6, 2011

AAA: Gas prices down 40 percent from 2008 levels - Triangle Business Journal:

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A gallon of regular, unleaded gas in Raleigh costxs an averageof $2.27, a 13 percenr increase from Easter weekend. Last Memoriak Day, gas cost $3.77 in Raleigh. That meansd prices are down by 40 percent from ayear ago. In a gallon of fuel will set driverssback $2.29. Over Easter, the price was $2.04. A year ago, gas in Durhamk cost $3.78. Gas in Nortyh Carolina averages $2.27 per gallon, while nationallhy it costs $2.31. AAA estimatesw that 754,000 North Carolina drivers will travel by automobiledthis weekend, with another 60,000 flying to thei r destinations.
“The desire to get away for the firsty major holiday of the summer season is overcomingt the economic downturn and recent gas price spikex and bodes well for the ongoing recovery of the hospitality Dave Parsons, president and CEO of AAA said in a statement. AAA Carolinasx is an affiliate ofthe . The not-for-profitt organization provides travel, automobile and insurancde services toits members.

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