Weekly gas price update for North Carolina

Published 8:01 am Monday, October 26, 2020

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North Carolina gas prices have fallen 2.6 cents per gallon in the past week, averaging $1.93 per gallon Monday, October 26, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 9.3 cents per gallon lower than a month ago and stand 44.1 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 national average price of gasoline is unchanged in the last week, averaging $2.14 per gallon Monday. The national average is down 4.2 cents per gallon from a month ago and stands 45.5 cents per gallon lower than a year ago.

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Historical gasoline prices in North Carolina and the national average going back ten years:
October 26, 2019: $2.37 per gallon (U.S. Average: $2.60 per gallon)
October 26, 2018: $2.67 per gallon (U.S. Average: $2.82 per gallon)
October 26, 2017: $2.32 per gallon (U.S. Average: $2.45 per gallon)
October 26, 2016: $2.19 per gallon (U.S. Average: $2.22 per gallon)
October 26, 2015: $2.08 per gallon (U.S. Average: $2.19 per gallon)
October 26, 2014: $2.96 per gallon (U.S. Average: $3.04 per gallon)
October 26, 2013: $3.27 per gallon (U.S. Average: $3.29 per gallon)
October 26, 2012: $3.52 per gallon (U.S. Average: $3.57 per gallon)
October 26, 2011: $3.41 per gallon (U.S. Average: $3.43 per gallon)
October 26, 2010: $2.74 per gallon (U.S. Average: $2.79 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $1.87 per gallon, down 3.5 cents per gallon from last week’s $1.91 per gallon.
Charlotte – $1.98 per gallon, down 2.1 cents per gallon from last week’s $2 per gallon.
Greensboro – $1.96 per gallon, down 5.9 cents per gallon from last week’s $2.02 per gallon.

“Gas price trends continue to be typical for this time of year, easing slightly in most places as demand continues its slow seasonal drop, with potential enhancement from the recent surge in new coronavirus cases,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “More stations are falling back under $2 per gallon, in fact the highest amount of stations since May are now under that level, and I do believe that trend will continue at least for now as improvement in the coronavirus situation remains elusive. There may be minor disruption in price and localized supply challenges as Tropical Storm Zeta again takes aim for the Gulf Coast, but like we’ve seen with Laura, Sally and Delta, these issues have been very minor compared to a normal year due to the reduction in our gasoline appetite.”

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

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