Gas Prices Still Soaring

Gas prices in North Carolina averaged a little over $2.83 one month ago, just before respondents completed the Brogan Survey. Based on that price, 59% of respondents told us they had been forced to postpone other purchases. Fast forward to today and the average cost of regular unleaded gas in North Carolina is nearly $3.15, according to AAA's Media Site for retail gasoline prices. That is a $0.32 increase in just four weeks! What does this mean for North Carolinians? Our guess is that the 26.8% who said they didn't intend to change how much they drive this summer will be reconsidering.

Different parts of the state are being affected pretty evenly, with Charlotte, the Triangle and Fayetteville all seeing an increase of $0.31 in the last month. The national average of regular unleaded gas was up to $3.22 as of Monday, coming up $0.12 in the past week.

With no sign of a slowdown in price increase, what will people do? It'll be interesting to see how Memorial Day Weekend turns out; catching up on LOST episodes instead of driving to the beach anyone?