11/17/2008

Associated Press

Gasoline prices are dropping quickly in North Carolina, down about $2 in the past 60 days.

The Charlotte Observer reported Monday that the average price for a gallon of regular gasoline was $4.08 on Sept. 15. The price was $2.07 on Sunday and dropping.

AAA Carolinas auto club spokesman Tom Crosby said the lower prices are good news in a time when economic news is bad. Crosby says the decreases should continue.

Prices from Raleigh to Charlotte were below $1.90 at some stations.

Crosby says Thanksgiving holiday demand for gasoline may slow the price decline, but it will be temporary because the poor economy will keep many people at home.

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Information from: The Charlotte Observer, http://www.charlotte.com