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North Carolina weekly gas price update: Prices down slightly from last week

North Carolina gas prices have fallen 0.8 cents per gallon in the past week, averaging $2.19 per gallon Monday, January 25, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 16.1 cents per gallon higher than a month ago and stand 13.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $1.99 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.10 per gallon.

The national average price of gasoline has risen 1.1 cents per gallon in the last week, averaging $2.40 per gallon Monday. The national average is up 14.4 cents per gallon from a month ago and stands 12.6 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
January 25, 2020: $2.33 per gallon (U.S. Average: $2.52 per gallon)
January 25, 2019: $2.17 per gallon (U.S. Average: $2.28 per gallon)
January 25, 2018: $2.45 per gallon (U.S. Average: $2.57 per gallon)
January 25, 2017: $2.20 per gallon (U.S. Average: $2.29 per gallon)
January 25, 2016: $1.81 per gallon (U.S. Average: $1.82 per gallon)
January 25, 2015: $2.08 per gallon (U.S. Average: $2.02 per gallon)
January 25, 2014: $3.29 per gallon (U.S. Average: $3.28 per gallon)
January 25, 2013: $3.37 per gallon (U.S. Average: $3.33 per gallon)
January 25, 2012: $3.45 per gallon (U.S. Average: $3.38 per gallon)
January 25, 2011: $3.07 per gallon (U.S. Average: $3.09 per gallon)

Selected areas around North Carolina and their current gas prices:
Fayetteville – $2.20 per gallon, down 2.5 cents per gallon from last week’s $2.23 per gallon.
Charlotte – $2.23 per gallon, down 2.0 cents per gallon from last week’s $2.25 per gallon.
Greensboro – $2.17 per gallon, down 1.6 cents per gallon from last week’s $2.19 per gallon.

“Finally, after several weeks of sharply rising gas prices, the pace of price increases has slowed significantly in recent days as prices are now largely caught up to oil’s increases as of late,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While the national average remains at its highest level since the pandemic, increases are likely to slow down in the immediate short-term unless and until oil prices see renewed momentum. When it comes to demand, Pay with GasBuddy data showed last week’s gasoline demand at its highest level since November, another bullish factor as the nation continues to see slow improvement from the pandemic.”

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

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