North Carolina weekly gas price update

Published 2:37 pm Monday, February 1, 2021

North Carolina gas prices have risen 7.9 cents per gallon in the past week, averaging $2.28 per gallon Monday, February 1, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 18.4 cents per gallon higher than a month ago and stand 0.7 cents per gallon higher 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 1.9 cents per gallon in the last week, averaging $2.42 per gallon Monday. The national average is up 17.4 cents per gallon from a month ago and stands 5.5 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:
February 1, 2020: $2.27 per gallon (U.S. average: $2.47 per gallon)
February 1, 2019: $2.14 per gallon (U.S. average: $2.27 per gallon)
February 1, 2018: $2.50 per gallon (U.S. average: $2.60 per gallon)
February 1, 2017: $2.19 per gallon (U.S. average: $2.27 per gallon)
February 1, 2016: $1.79 per gallon (U.S. average: $1.79 per gallon)
February 1, 2015: $2.05 per gallon (U.S. average: $2.05 per gallon)
February 1, 2014: $3.28 per gallon (U.S. average: $3.27 per gallon)
February 1, 2013: $3.43 per gallon (U.S. average: $3.47 per gallon)
February 1, 2012: $3.55 per gallon (U.S. average: $3.45 per gallon)
February 1, 2011: $3.04 per gallon (U.S. average: $3.09 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.28 per gallon, up 8.7 cents per gallon from last week’s $2.20 per gallon.
Charlotte – $2.25 per gallon, up 2.0 cents per gallon from last week’s $2.23 per gallon.
Greensboro – $2.31 per gallon, up 11.6 cents per gallon from last week’s $2.19 per gallon.

“Gas price increases continue to slow down as oil prices fail to continue moving upward, even as gasoline demand continues to show new signs of improving recovery,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to Pay with GasBuddy data, Friday gasoline demand was the highest since November, while Saturday gasoline demand was the strongest of any Saturday since the pandemic began. The rise in gasoline demand has certainly been behind oil’s rally in the last few months, as COVID restrictions continue to ease and the economy slowly continues recovery. While the next few weeks may see gas prices rising slightly, the real pinch could come in March and lasting through summer, should demand continue on this path.”

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

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