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87 Octane just went from $4.39 to $4.69 to now $4.99 within 2 days at a station I typically frequent here in the Raleigh, NC suburbs. Parts of NC now at $5+ a gallon for regular. uuugghhh
Still hanging a couple of pennies below $5. I suspect that the gas stations are fighting to not take that last 2 penny jump because $4 and anything looks a lot more reasonable than $5.
Summer time is tourist time and gas prices always go up while the tourists are swarming all over like locusts.
The cheapest in my area is the Freestate at $4.86 at Laurel Shopping Center.
$4/gallon will seem like the "Good old days" before you know it the way things are going. The national average is slated to cross $5/gallon for the first time this weekend. The cheapest I've seen is around $4.20 in places like OK, MS, GA, and TN, and given how auto-dependent those states are with a lot of lower-paying jobs, I just don't know how people can fathom such persistent prices. Its the secondary effects of these prices (shipping/distribution costs) that's starting to hit me more. For example, the price per garment at a dry cleaner that I used yesterday was $2.49 before the pandemic as of September 2019; but yesterday, it's $2.99. It was $1.99/garment in 2014 and $2.29 in 2017. Overhead costs are certainly pushing up service inflation too. The bottom line is that the days of sub-$3/gallon gas are probably a thing of the past for a lot of places that witnessed them before the pandemic, and $3.50-$4 will be the "new cheap", if we can whip inflation sooner rather than later.
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