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North Carolina weekly gas price update

North Carolina gas prices have fallen 3.8 cents per gallon in the past week, averaging $1.90 per gallon Monday, November 2, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 12.6 cents per gallon lower than a month ago and stand 49.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.60 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.49 per gallon.

The national average price of gasoline has fallen 2.7 cents per gallon in the last week, averaging $2.12 per gallon Monday. The national average is down 6.1 cents per gallon from a month ago and stands 48.0 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
November 2, 2019: $2.39 per gallon (U.S. Average: $2.60 per gallon)
November 2, 2018: $2.63 per gallon (U.S. Average: $2.75 per gallon)
November 2, 2017: $2.32 per gallon (U.S. Average: $2.51 per gallon)
November 2, 2016: $2.17 per gallon (U.S. Average: $2.21 per gallon)
November 2, 2015: $2.06 per gallon (U.S. Average: $2.19 per gallon)
November 2, 2014: $2.89 per gallon (U.S. Average: $2.97 per gallon)
November 2, 2013: $3.24 per gallon (U.S. Average: $3.25 per gallon)
November 2, 2012: $3.40 per gallon (U.S. Average: $3.49 per gallon)
November 2, 2011: $3.39 per gallon (U.S. Average: $3.43 per gallon)
November 2, 2010: $2.73 per gallon (U.S. Average: $2.78 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $1.82 per gallon, down 5.0 cents per gallon from last week’s $1.87 per gallon.
Charlotte – $1.94 per gallon, down 4.0 cents per gallon from last week’s $1.98 per gallon.
Greensboro – $1.92 per gallon, down 5.0 cents per gallon from last week’s $1.97 per gallon.

“The drop in gas prices has accelerated in the last week as oil prices continue to slide on uncertainty over the election, stimulus and as coronavirus case counts soar, leading to more states rolling back their reopening plans,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In just the last few days, it feels like uncertainty over a potential legal fight over the U.S. election has also risen to near panic levels, all of which throws more uncertainty into the ring, keeping the U.S. from potentially having a clear leader to turn things around. For now, it’s virtually guaranteed that the national average will fall to under $2 per gallon in the next two weeks, so motorists need not be in a rush to fill their tanks.”

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

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