GREENSBORO, N.C. -- AAA predicts gas prices are at or near their spring peak and will begin a summer decline, thereby inciting more drivers to travel for Memorial Day.
According to GasBuddy.com, the North Carolina average--$3.62-- Monday was down three cents from what it was last week. In Greensboro, the average was $3.59 heading into the morning.
AAA says regular spring refinery maintenance is almost complete. Once this happens, production of gas will increase. Eventually in May, production is expected to exceed the demand, so gas prices will become cheaper.
Nationwide, AAA says in two of the past three Mays, gas prices have declined by an average of eight cents per gallon. If the trend holds true this year, gas will continue to decline through early summer.
AAA warns unexpected events--like major problems at the refineries, severe weather or international turmoil--could disrupt the expected trend.
To view the cheapest and most expensive gas in a specific city, visit GasBuddy.com and type in a zip code.