Weekly gas price update for North Carolina leading up to Thanksgiving

Published 7:48 am Monday, November 23, 2020

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North Carolina gas prices have fallen 3.9 cents per gallon in the past week, averaging $1.90 per gallon Monday, November 23, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 4.6 cents per gallon lower than a month ago and stand 45.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.66 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.43 per gallon.

The national average price of gasoline has fallen 1.5 cents per gallon in the last week, averaging $2.10 per gallon Monday. The national average is down 5.0 cents per gallon from a month ago and stands 49.6 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:
November 23, 2019: $2.35 per gallon (U.S. Average: $2.59 per gallon)
November 23, 2018: $2.45 per gallon (U.S. Average: $2.55 per gallon)
November 23, 2017: $2.35 per gallon (U.S. Average: $2.51 per gallon)
November 23, 2016: $2.08 per gallon (U.S. Average: $2.12 per gallon)
November 23, 2015: $2.04 per gallon (U.S. Average: $2.06 per gallon)
November 23, 2014: $2.75 per gallon (U.S. Average: $2.81 per gallon)
November 23, 2013: $3.29 per gallon (U.S. Average: $3.25 per gallon)
November 23, 2012: $3.31 per gallon (U.S. Average: $3.43 per gallon)
November 23, 2011: $3.33 per gallon (U.S. Average: $3.32 per gallon)
November 23, 2010: $2.80 per gallon (U.S. Average: $2.85 per gallon)

Select areas around the state and their current gas prices:
Fayetteville – $1.85 per gallon, down 3.7 cents per gallon from last week’s $1.89 per gallon.
Charlotte – $1.94 per gallon, down 2.6 cents per gallon from last week’s $1.97 per gallon.
Greensboro – $1.90 per gallon, down 4.4 cents per gallon from last week’s $1.95 per gallon.

“With Thanksgiving nearly upon us and fewer Americans hitting the road, gas prices have seen some downward movement over the last week, even as oil prices hold near recent highs,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “We may end up seeing the lowest Thanksgiving prices in five years if prices continue to trend lower this week, a sign of how the coronavirus has sapped demand for the majority of the year. Between now and the end of the year, we aren’t likely to see many fireworks at the pump as demand continues to remain well below prior years, but as a vaccine is set to be released in the months ahead, prices will likely aim for higher ground, so motorists take heed that today’s prices may not hold for much longer.”

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

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