AAA is not expecting to see gas prices jump as you hit the road for Labor Day. The average price in North Carolina Friday morning was $2.68. That's almost a dime cheaper than the national average of $2.77.
Analysts say prices could dip even more now that the busy summer travel season Is almost over. Also, with summer ending, gas companies no longer have To manufacture cleaner-burning fuel, which is more expensive.
While prices are not expected to jump right for Labor Day, they're also not expected to drop much after the holiday passes. That's because the Energy Information Administration says gas supplies are at their lowest level ever in terms of demand. The EIA says there are only 20 days of gas left at average fuel consumption. That's even less than after Hurricanes Katrina and Rita struck in 2005. But gas prices have fallen, and the average price is the lowest since April 2.
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