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Weekly North Carolina gas price update

North Carolina gas prices have fallen 1.4 cents per gallon in the past week, averaging $2 per gallon Monday, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 6.3 cents per gallon lower than a month ago and stand 38.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.77 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.32 per gallon.

The national average price of gasoline has fallen 0.7 cents per gallon in the last week, averaging $2.17 per gallon Monday. The national average is down 4.3 cents per gallon from a month ago and stands 49.0 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
October 5, 2019: $2.39 per gallon (U.S. Average: $2.66 per gallon)
October 5, 2018: $2.73 per gallon (U.S. Average: $2.91 per gallon)
October 5, 2017: $2.45 per gallon (U.S. Average: $2.50 per gallon)
October 5, 2016: $2.22 per gallon (U.S. Average: $2.25 per gallon)
October 5, 2015: $2.13 per gallon (U.S. Average: $2.29 per gallon)
October 5, 2014: $3.24 per gallon (U.S. Average: $3.29 per gallon)
October 5, 2013: $3.27 per gallon (U.S. Average: $3.34 per gallon)
October 5, 2012: $3.71 per gallon (U.S. Average: $3.79/ per gallon)
October 5, 2011: $3.40 per gallon (U.S. Average: $3.39 per gallon)
October 5, 2010: $2.67 per gallon (U.S. Average: $2.72 per gallon)

Areas  around the state and their current gas prices:
Fayetteville – $1.99 per gallon, up 5.2 cents per gallon from last week’s $1.94 per gallon.
Charlotte – $2 per gallon, down 0.8 cents per gallon from last week’s $2.01 per gallon.
Greensboro – $2.05 per gallon, down 1.1 cents per gallon from last week’s $2.06 per gallon.

“It’s been a fairly quiet week for gas prices yet again, but with oil tanking last week, there’s a possibility motorists may see a renewed downward direction in average prices in the days or weeks ahead,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “However, according to Pay with GasBuddy data, gasoline demand inexplicably rose last week to the highest level since August, breaking with conventional wisdom that fall demand is typically weak. While we have no direct reasoning for the rebound, five of seven days last week saw much above the prior week’s gasoline demand, in fact, Friday saw the highest gasoline demand since Labor Day. If demand continues to somehow defy such conventional trends, we may see an end to the possibility of future declines.”

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

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