Friday: Who Wins In A Gas Price War?
When gasoline prices go up, the Village of Canton often leads the way. It's not uncommon to see gas as much as a dime higher than other parts of the north country.
But as gas prices fall this summer, Canton is again leading the way. The reason? A price war among the village's seven stations, started by a Nice N' Easy station which opened a few weeks ago on Main Street .
Among motorists, the drop is welcome news.
"It's very good news - a lot more pleasurable to drive," said Ronald Muhammad. "I'm enjoying it."
7 News reporter John Friot reports gas prices are at the lowest level in five months, with gas averaging about $3.38 in Canton, down about 35 cents from a month ago.
The drop in price in Canton, while spurred by the price war locally, is also a reflecton of the nationwide tend toward lower prices.
But not, for some motorists, low enough.
"They're still too high," said Ronnie Baldwin as he filled up Friday.
Analysts attribute the unexpected drop in gas prices (it was widely predicted to stay above $4 a gallon, and perhaps hit $5 a gallon) to a variety of factors, including increased production by American refineries, a weakness in global oil price and economic uncertainty.
Sunday, May 19, 2013, Watertown, NY
On Wall Street