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Weekly gas price update for North Carolina

North Carolina gas prices have risen 8.4 cents per gallon in the past week, averaging $2.18 per gallon Monday, January 11, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 21.2 cents per gallon higher than a month ago and stand 23.9 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.93 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.16 per gallon. The lowest price in the state today is $1.93 per gallon while the highest is $3.09 per gallon, a difference of $1.16 per gallon.

The national average price of gasoline has risen 4.9 cents per gallon in the last week, averaging $2.31 per gallon Monday. The national average is up 14.5 cents per gallon from a month ago and stands 27.4 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
January 11, 2020: $2.42 per gallon (U.S. Average: $2.59 per gallon)
January 11, 2019: $2.08 per gallon (U.S. Average: $2.25 per gallon)
January 11, 2018: $2.38 per gallon (U.S. Average: $2.52 per gallon)
January 11, 2017: $2.27 per gallon (U.S. Average: $2.35 per gallon)
January 11, 2016: $1.90 per gallon (U.S. Average: $1.96 per gallon)
January 11, 2015: $2.21 per gallon (U.S. Average: $2.12 per gallon)
January 11, 2014: $3.29 per gallon (U.S. Average: $3.31 per gallon)
January 11, 2013: $3.38 per gallon (U.S. Average: $3.31 per gallon)
January 11, 2012: $3.42 per gallon (U.S. Average: $3.37 per gallon)
January 11, 2011: $3.04 per gallon (U.S. Average: $3.08 per gallon)

Select areas around the state and their current gas prices:
Fayetteville – $2.20 per gallon, up 10.8 cents per gallon from last week’s $2.09 per gallon.
Charlotte – $2.17 per gallon, up 8.2 cents per gallon from last week’s $2.09 per gallon.
Greensboro – $2.19 per gallon, up 6.3 cents per gallon from last week’s $2.12 per gallon.

“With oil’s meteoric rally continuing, motorists continue to face gas prices that continue to advance. With a barrel of crude oil now at its highest level in nearly a year, there’s nowhere for gas prices to go but up,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In a normal year, this is the time we tend to see gas prices struggle, and according to Pay with GasBuddy data, gasoline demand is indeed seeing seasonal struggles, but that has not tempered the appetite of the market as many remain bullish over the continued rollout of a COVID-19 vaccine. How long we may be on this road relies on continued reduction in new COVID cases, but we may for the coming weeks seeing gas prices continuing their climb.”

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

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