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North Carolina weekly gas price update

North Carolina gas prices have fallen 4.4 cents per gallon in the past week, averaging $1.97 per gallon Monday, July 20, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 0.5 cents per gallon lower than a month ago and stand 59.7 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.72 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.37 per gallon. The lowest price in the state Monday is $1.72 per gallon while the highest is $3.09 per gallon, a difference of $1.37 per gallon.

The national average price of gasoline has fallen 2.0 cents per gallon in the last week, currently averaging $2.18 per gallon. The national average is up 5.4 cents per gallon from a month ago and stands 58.4 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
July 20, 2019: $2.56 per gallon (U.S. average: $2.76 per gallon)
July 20, 2018: $2.66 per gallon (U.S. average: $2.84 per gallon)
July 20, 2017: $2.12 per gallon (U.S. average: $2.28 per gallon)
July 20, 2016: $2.05 per gallon (U.S. average: $2.18 per gallon)
July 20, 2015: $2.58 per gallon (U.S. average: $2.76 per gallon)
July 20, 2014: $3.49 per gallon (U.S. average: $3.57 per gallon)
July 20, 2013: $3.55 per gallon (U.S. average: $3.67 per gallon)
July 20, 2012: $3.32 per gallon (U.S. average: $3.44 per gallon)
July 20, 2011: $3.66 per gallon (U.S. average: $3.68 per gallon)
July 20, 2010: $2.59 per gallon (U.S. average: $2.70 per gallon)

Other areas in North Carolina and their current gas prices:
Fayetteville – $1.97 per gallon, down 4.7 cents per gallon from last week’s $2.02 per gallon.
Charlotte – $2.05 per gallon, down 1.9 cents per gallon from last week’s $2.07 per gallon.
Greensboro – $1.99 per gallon, down 4.6 cents per gallon from last week’s $2.04 per gallon.

“Similar to watching the Cubs game last night with a quiet and empty stadium, gasoline prices have been quiet last week as markets await the next chapter in the coronavirus situation,” said Patrick De Haan, head of petroleum analysis for GasBuddy, on Monday. “As cases continue to rise, the likelihood rises that gas prices will stabilize and demand may continue to see small decreases, which is the name of the game behind gas prices. I wouldn’t expect much movement until we either see more states being impacted again or we see cases start to drop, either one would provide clarity to where we stand now. For now, motorists are still ‘stuck’ with the lowest summer gas prices in 16 years.”

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

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