Local gas prices jump above 2011 levels
Gas prices in North Carolina are now ahead of where they were at the same time last year, and nearly 40 cents above just a month ago.
GasBuddy.com reports the statewide average price of a gallon of regular unleaded on Wednesday was $3.63.
The average price 12 months ago was $3.60.
Prices reported to the website are averaging $3.89 on Hatteras Island, and $3.68 in the northern beach towns, as well as Manteo, Grandy, and Moyock.
The cheapest prices reported in the area were in Barco, Coinjock, Camden, and Elizabeth City, with an average of $3.58.
AAA Carolinas says the increase can be blamed on an expanding economy increasing demand, predictions of more hurricanes than average and uncertainty over oil supplies in the Middle East.
The national average is $3.69 a gallon, 27 cents above last month.
Other experts say a refinery fire in California and gasoline production problems in Indiana and Illinois this month are also reasons for the jump.
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