North Carolina drivers are beginning to see lower prices at the pump following the state’s temporary suspension of its 41-cent-per-gallon motor-fuel tax.
AAA figures cited by ABC11 show the statewide average falling from $4.09 to $3.81 per gallon during the first four days following the suspension.
Prices Will Not Fall Everywhere at Once
Drivers should not expect every station to reduce prices at the same time. Some retailers may still be selling fuel purchased before the tax suspension took effect.
As stations receive deliveries of lower-cost fuel, competition between nearby retailers is expected to place additional downward pressure on pump prices.
An NC State University professor estimated that the temporary suspension could save an average family roughly $5 to $10 per week, depending on fuel use and market conditions.
Relief Continues Through November
The fuel-tax suspension is scheduled to remain in effect through November 30. Gas prices may still fluctuate because of changes in crude-oil prices, distribution costs and local competition.
North Carolina has also launched N.C. Fuel Check, which allows consumers to report stations suspected of unfair pricing practices during the tax suspension.
Read more at the original source: ABC11.
