North Carolina’s weekly gas price update

Published 8:42 am Tuesday, December 8, 2020

North Carolina gas prices have fallen 1.1 cents per gallon in the past week, averaging $1.96 per gallon Monday, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 6.4 cents per gallon higher than a month ago and stand 39.1 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $1.69 per gallon Monday while the most expensive was $3.09 per gallon, a difference of $1.40 per gallon.

The national average price of gasoline has risen 3.5 cents per gallon in the last week, averaging $2.16 per gallon Monday. The national average is up 5.7 cents per gallon from a month ago and stands 42.6 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:
December 7, 2019: $2.35 per gallon (U.S. Average: $2.58 per gallon)
December 7, 2018: $2.29 per gallon (U.S. Average: $2.42 per gallon)
December 7, 2017: $2.34 per gallon (U.S. Average: $2.47 per gallon)
December 7, 2016: $2.18 per gallon (U.S. Average: $2.19 per gallon)
December 7, 2015: $1.99 per gallon (U.S. Average: $2.03 per gallon)
December 7, 2014: $2.63 per gallon (U.S. Average: $2.66 per gallon)
December 7, 2013: $3.28 per gallon (U.S. Average: $3.26 per gallon)
December 7, 2012: $3.31 per gallon (U.S. Average: $3.36 per gallon)
December 7, 2011: $3.27 per gallon (U.S. Average: $3.28 per gallon)
December 7, 2010: $2.90 per gallon (U.S. Average: $2.94 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $1.95 per gallon, down 2.4 cents per gallon from last week’s $1.97 per gallon.
Charlotte – $1.97 per gallon, up 2.4 cents per gallon from last week’s $1.95 per gallon.
Greensboro –$1.96 per gallon, down 2.5 cents per gallon from last week’s $1.99 per gallon.

“With oil’s rally to a new COVID-19 high-water mark, gas prices have begun to follow, even as gasoline demand crumbles to some of the lowest levels in months,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Optimism continues to propel oil markets higher, led by positive news on a COVID-19 vaccine, but should anything change timing wise, we could a reversal, but for now it remains full steam ahead with markets focused on the promise of oil and gasoline demand rising, or the best potential outcome of the situation. Should the hype be overblown, a correction could happen in the weeks or months ahead. For now, motorists may see more volatility in oil markets than we’ve seen in months.”

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

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