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Weekly gas price update for North Carolina

North Carolina gas prices have risen 10.8 cents per gallon in the past week, averaging $2.11 per gallon Monday, August 31, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 17.8 cents per gallon higher than a month ago and stand 24.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.81 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.28 per gallon.

The national average price of gasoline has risen 3.5 cents per gallon in the last week, averaging $2.22 per gallon Monday The national average is up 4.0 cents per gallon from a month ago and stands 34.4 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
August 31, 2019: $2.36 per gallon (U.S. Average: $2.57 per gallon)
August 31, 2018: $2.65 per gallon (U.S. Average: $2.83 per gallon)
August 31, 2017: $2.45 per gallon (U.S. Average: $2.51 per gallon)
August 31, 2016: $2.10 per gallon (U.S. Average: $2.22 per gallon)
August 31, 2015: $2.23 per gallon (U.S. Average: $2.47 per gallon)
August 31, 2014: $3.33 per gallon (U.S. Average: $3.43 per gallon)
August 31, 2013: $3.50 per gallon (U.S. Average: $3.58 per gallon)
August 31, 2012: $3.80 per gallon (U.S. Average: $3.83 per gallon)
August 31, 2011: $3.57 per gallon (U.S. Average: $3.61 per gallon)
August 31, 2010: $2.58 per gallon (U.S. Average: $2.65 per gallon)

Areas around the state and their current gas prices:
Fayetteville – $2.11 per gallon, up 11.4 cents per gallon from last week’s $1.99 per gallon.
Charlotte – $2.11 per gallon, up 7.8 cents per gallon from last week’s $2.03 per gallon.
Greensboro – $2.12 per gallon, up 9.9 cents per gallon from last week’s $2.03 per gallon.

“Gas prices have reached their highest post-coronavirus level as Hurricane Laura caused Gulf Coast refineries to shut, limiting production as gasoline demand edged higher,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rebound in demand comes with just a week left in the summer driving season and isn’t expected to continue once the driving season wraps up, but while some may see prices tick higher over the next few days, more decreases are coming to gas prices once Labor Day is over as demand will likely move lower. In addition, the switch back to cheaper winter gasoline will happen in a few weeks, giving more potential downward momentum for prices.”

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

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