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Weekly gas price update for North Carolina

North Carolina gas prices have fallen 1 cent per gallon in the past week, averaging $2.03 per gallon Monday, December 28, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 7.1 cents per gallon higher than a month ago and stand 42.1 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.78 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.31 per gallon.

The national average price of gasoline has risen 0.7 cents per gallon in the last week, averaging $2.25 per gallon Monday. The national average is up 13.8 cents per gallon from a month ago and stands 32.6 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
December 28, 2019: $2.45 per gallon (U.S. Average: $2.57 per gallon)
December 28, 2018: $2.15 per gallon (U.S. Average: $2.27 per gallon)
December 28, 2017: $2.34 per gallon (U.S. Average: $2.48 per gallon)
December 28, 2016: $2.22 per gallon (U.S. Average: $2.30 per gallon)
December 28, 2015: $1.94 per gallon (U.S. Average: $2.00 per gallon)
December 28, 2014: $2.35 per gallon (U.S. Average: $2.28 per gallon)
December 28, 2013: $3.26 per gallon (U.S. Average: $3.30 per gallon)
December 28, 2012: $3.28 per gallon (U.S. Average: $3.28 per gallon)
December 28, 2011: $3.23 per gallon (U.S. Average: $3.24 per gallon)
December 28, 2010: $2.99/ per gallon (U.S. Average: $3.04 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville ­– $2.04 per gallon, down 0.6 cents per gallon from last week’s $2.04 per gallon.
Charlotte – $2.05 per gallon, down 2.6 cents per gallon from last week’s $2.08 per gallon.
Greensboro – $2.03 per gallon, down 1.9 cents per gallon from last week’s $2.05 per gallon.

“Average gasoline prices continue to move higher in most areas as retail gas prices continue to follow the rising price of crude oil which remains near the highest level since COVID-19 began in March,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Seasonal factors have sat in the backseat compared to a modest recovery in demand and a healthy dose of optimism that a COVID-19 vaccine will bring normal demand levels in the coming year. For now, it’s not the best news for motorists as I expect gas prices may continue their ascent, but while it won’t last forever, its likely a sign of what’s to come in 2021 – bhigher prices. The year ahead will be likely marked by recovery in the pandemic and rising demand, and for motorists interested in what’s coming to the pump GasBuddy will be releasing our 2021 Fuel Price Outlook in the days ahead, which will hopefully give motorists some idea of what to plan for in terms of pain at the pump.”

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

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