Gas prices in North Carolina up 5.1 cents in the past week

Gas prices in North Carolina up 5.1 cents in the past week

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Only $3 for 13 weeks

North Carolina gas prices have risen 5.1 cents per gallon in the past week, averaging $2.05 a gallon Monday, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 23.4 cents per gallon higher than a month ago and stand 50.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.44 per gallon Monday while the most expensive is $3.09, a difference of $1.65. The lowest price in the state Monday is $1.44 while the highest is $3.09, a difference of $1.65.

The national average price of gasoline has risen 3.4 cents per gallon in the last week, averaging $2.17 per gallon Monday. The national average is up 19.7 cents per gallon from a month ago and stands 53.4 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:

June 29, 2019: $2.55 (U.S. Average: $2.70

June 29, 2018: $2.65 (U.S. Average: $2.85

June 29, 2017: $2.07 (U.S. Average: $2.23

June 29, 2016: $2.16 (U.S. Average: $2.29

June 29, 2015: $2.65 (U.S. Average: $2.77

June 29, 2014: $3.56 (U.S. Average: $3.67

June 29, 2013: $3.40 (U.S. Average: $3.49

June 29, 2012: $3.20 (U.S. Average: $3.34

June 29, 2011: $3.47 (U.S. Average: $3.53

June 29, 2010: $2.62 (U.S. Average: $2.73

Neighboring areas and their current gas prices:

Fayetteville- $2.09, up 7.7 cents per gallon from last week’s $2.02.

Charlotte- $2.05, up 6.4 cents per gallon from last week’s $1.98.

Greensboro- $2.08, up 5.3 cents per gallon from last week’s $2.03.

“Gasoline prices have continued to rise across the U.S., a streak that enters its ninth week, but with a resurgence in COVID-19 cases across several states and with Pay with GasBuddy gasoline demand data showing the first weekly drop in gasoline demand since Memorial Day and just the second one since March, there may eventually be a small reckoning in the price of gasoline,” said Patrick DeHaan, head of petroleum analysis at GasBuddy.

“Last week, U.S. gasoline demand fell 0.4%, not exactly a staggering figure, but data from later in the week pointed to much more noticeable drops, which may be a coming trend as authorities in some U.S. states rescind their re-openings. Motorists across the country will likely be influenced by what develops in those areas- improvement and a slowdown in COVID would cause gas prices to continue rising, while a continued resurgence in COVID-19 cases and a drop in gasoline demand will mean lower gas prices.”

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