Gas prices in Raleigh and Fuquay stayed at $3.39/gal. (regular) during Labor Day weekend, then slowly started to fall throughout the week. All stations on my commute were at a uniform $2.99 by the end of the week. This week continued the slow decline, although over the last couple of days prices have fallen at a quicker place.
In reference to Travis’ comment about “expectations of future prices”: I was able to avoid the peak prices last week by hoarding and lowering consumption (not driving during Labor Day weekend). Also, now that prices are falling, and because I expect lower prices at the pumps the next time I stop, I am not filling up my car. I rode till I was on “fumes,” and put if 5 gallons Monday evening at $2.89/gal., which was the lowest price I had seen. By Wednesday night, I stopped and added 7 gallons, at an even lower price of $2.87 (in F-V). Still, by paying attention, I was able to avoid purchasing any gas in the $3/gal.-and-up range, and the most I paid for a gallon of gasoline during The Panic was $2.89, and that was for just 5 gallons.
