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North Carolina gas prices have fallen 11.3 cents per gallon in the past week, averaging $1.90 per gallon Monday, March 23, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 38.0 cents per gallon lower than a month ago and stand 57.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.35 per gallon while the most expensive is $3.09 per gallon, a difference of $1.74 per gallon.

The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $2.08 per gallon Monday. The national average is down 38.5 cents per gallon from a month ago and stands 54.7 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
March 23, 2019: $2.47 per gallon (U.S. Average: $2.63 per gallon)
March 23, 2018: $2.47 per gallon (U.S. Average: $2.60 per gallon)
March 23, 2017: $2.19 per gallon (U.S. Average: $2.29 per gallon)
March 23, 2016: $1.92 per gallon (U.S. Average: $1.99 per gallon)
March 23, 2015: $2.28 per gallon (U.S. Average: $2.42 per gallon)
March 23, 2014: $3.42 per gallon (U.S. Average: $3.53 per gallon)
March 23, 2013: $3.65 per gallon (U.S. Average: $3.68 per gallon)
March 23, 2012: $3.83 per gallon (U.S. Average: $3.89 per gallon)
March 23, 2011: $3.52 per gallon (U.S. Average: $3.55 per gallon)
March 23, 2010: $2.77 per gallon (U.S. Average: $2.80 per gallon)

Current gas prices in other areas:
Fayetteville- $1.93 per gallon, down 9.8 cents per gallon from last week’s $2.03 per gallon.
Charlotte- $1.92 per gallon, down 11.4 cents per gallon from last week’s $2.04 per gallon.
Greensboro- $1.86 per gallon, down 14.2 cents per gallon from last week’s $2.01 per gallon.

“Gas prices have spent virtually all of March marching lower, with the drop continuing as the coronavirus destroys oil demand globally, leading to the lowest oil prices we’ve seen in 18 years, paving the way for still an additional 35-75 cent per gallon drop at most stations in the weeks ahead,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “I don’t think I’ve ever seen such a collapse in prices, even including the Great Recession. What we’re witnessing is easily going to go down as the great collapse in oil demand, and for motorists hurrying to fill up today, they’re wasting their money as prices will continue to drop in the days ahead. Gas stations are passing along the drop several weeks behind, and there’s plenty more room for prices to drop, putting 99 cents per gallon prices as a strong possibility for perhaps many more stations than we previously anticipated. This is truly an unprecedented turn of events.”

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

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