Weekly gas price summary for North Carolina

Published 11:34 am Monday, January 20, 2020

North Carolina gas prices have fallen 4.8 cents per gallon in the past week, averaging $2.37 per gallon on January 19, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 3.4 cents per gallon lower than a month ago and stand 27.0 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.15 per gallon Sunday while the most expensive is $3.29 per gallon, a difference of $1.14 per gallon. The cheapest price in the entire country Sunday stands at $1.89 per gallon while the most expensive was $5.74 per gallon, a difference of $3.85 per gallon.

The national average price of gasoline has fallen 2.0 cents per gallon in the last week, averaging $2.55 per gallon Sunday. The national average is down 0.8 cents per gallon from a month ago and stands 30.4 cents per gallon higher than a year ago.

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Historical gasoline prices in North Carolina and the national average going back ten years:
January 19, 2019: $2.10 per gallon (U.S. average: $2.25 per gallon)
January 19, 2018: $2.43 per gallon (U.S. average: $2.53 per gallon)
January 19, 2017: $2.23 per gallon (U.S. average: $2.32 per gallon)
January 19, 2016: $1.84 per gallon (U.S. average: $1.88 per gallon)
January 19, 2015: $2.13 per gallon (U.S. average: $2.05 per gallon)
January 19, 2014: $3.29 per gallon (U.S. average: $3.28 per gallon)
January 19, 2013: $3.36 per gallon (U.S. average: $3.30 per gallon)
January 19, 2012: $3.44 per gallon (U.S. average: $3.38 per gallon)
January 19, 2011: $3.06 per gallon (U.S. average: $3.10 per gallon)
January 19, 2010: $2.73 per gallon (U.S. average: $2.72 per gallon)

Neighboring areas and their current gas prices:
Fayetteville – $2.29 per gallon, down 5.7 cents per gallon from last week’s $2.35 per gallon.
Charlotte – $2.38 per gallon, down 3.9 cents per gallon from last week’s $2.42 per gallon.
Greensboro – $2.38 per gallon, down 5.8 cents per gallon from last week’s $2.43 per gallon.

“With oil prices sagging lately, the door has been opened for a notable decline in U.S. gasoline prices, and that’s exact what has happened, with more declines likely coming ahead of us before the fun is over,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “The Midwest has been the largest beneficiary of seasonal effects thus far with prices in several areas there declining upwards of 10-15 cents per gallon. The rest of the country will follow lower for the time being as demand for gasoline remains abysmal and the fuel being produced today will have to eventually be purged from the system over the next few months as refiners begin the transition to summer gasoline.”

GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

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