Gas Prices Officially At Their Highest Of The Year

Ken AshfordEconomy & Jobs & Deficit2 Comments

But you already knew that, right?

Here’s the local forecast:

North Carolina: A variety of reasons are adding up to another spike in gas prices.

Parts of the Triangle are seeing gasoline on average for around $2.74 a gallon. The statewide average is $2.75 a gallon. However, some analysts believe gas could be as high as $3 a gallon by the weekend.

"I think it certainly could be close to $3. What we have had happen in the past couple of days, of course, is the big scare over North Korea. That apparently sent tremors through the oil market," said Mike Walden, an economist at North Carolina State University.