The impacts of lower gas prices beyond the pump

AYDEN, N.C. (WNCT) – Despite gas prices continuing to drop across the East, prices for goods like milk and egg have remained steady at stores.

Even prices for local produce at places like Simply Natural Creamery have yet to budge. Michael Fulcher said that is because they have to look at the long term forecast, not the present.

“Gas prices rise and fall with the ebbs and tide, so we don’t want to have a knee jerk reaction to lower prices today and have to raise them back up tomorrow,” he said.

While costs have remained steady, one thing Fulcher said lower prices are impacting is their customer reach. He said in the past, they have had to limit deliveries to a 50 mile radius around the store. Thanks to dropping costs at the pump, they are planning on expanding.

“Like to Belhaven or Morehead City where people are asking for our products but we’ve been limited because of expense,” Fulcher said.

Some in the East said thanks to lower prices, they have been able to save more than $100 every month at the pump.

“I can shop more, eat more ice cream, go out more,” said Hattie Barfield, who lives in Greene County.

Barfield said she and her husband like to splurge at Simply Natural Creamery three or four times every month.

However, others said the lower prices aren’t impacting how they spend their money.

“We were probably going to come here anyway,” said Martin Armstrong, who also shops at Simply Natural Creamery. “I mean it makes it easier on the way you think about it on your mind.”

A Decoded Science article found that gas has dropped 57 percent since April 2011. It also found the average person would save around $700 annually due to lower gas prices.

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