Average gas price in Raleigh dips below $4.00

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Monday, July 25, 2022
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The average gas price in Raleigh is now $3.98.

RALEIGH, N.C. (WTVD) -- The average gas price in Raleigh is now $3.98.

That's about 60-cents cheaper than it was last month.

The state average this morning is just over four-dollars, according to AAA.

That's about 30-cents less than the national average.

Gas prices have been falling for five straight weeks.

ABC11 spoke with Patrick De Haan with GasBuddy who said we could expect to see the downward trend continue.

"We have government data coming out, in terms of oil inventory. That always is pretty critical, where we go, so we're in the midst of hurricane season, there's a lot of different things on the radar. But I would say at least for the next week, maybe two, could be beyond that, gas prices will continue to slowly dip," he said.

As far as diesel prices go, De Haan said that could be a different story.

"Diesel prices are still quite elevated. When it comes to the supply chain, it takes a lot longer for prices to go up in terms of diesel, and it takes longer for them to go down, A lot of that takes some time to ripple down to the local level, to the price of goods. There likely won't be an immediate effect on goods, considering that the drop for diesel has been more muted."