BY STAFF and ASSOCIATED PRESS
The average price for a gallon of gas is $3.64, according to AAA. That’s 29 cents below a year ago, when gas peaked at $3.94 on April 6. AAA said this week that it expects the average price of gas this year to be below last year’s $3.63 a gallon because of increased domestic production and continued low demand. Gas rose 34 cents in the first quarter of this year, compared with a jump of 65 cents in the first quarter of 2012.
In Lexington, gas prices might drop even more once Sheetz opens its doors in the summer. Based out of Altoona, Pa., the company operates more than 200 states in Pennsylvania, North Carolina, Ohio, West Virginia, Maryland and Virginia. It is known for its competitive gas prices
The Sheetz station will occupy 3.14 acres of land on East Nelson Street and U.S. Route 11 Bypass come the end of June, according to Dan Glass, a construction worker on the site.
Bonnie Cooper, manager of local gas station Pit Stop, told Rockbridge Report last year that she anticipates lowering her prices to compete with Sheetz.
“You’re always a little nervous because it’s competition and that’s a big name brand store,” she said.