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Gas prices on the rise in North Carolina

North Carolina gas prices have risen 5.8 cents per gallon in the past week, averaging $2.33 per gallon Monday, February 15, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 12.1 cents per gallon higher than a month ago and stand 5.9 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.08 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.01 per gallon.

The national average price of gasoline has risen 2.6 cents per gallon in the last week, averaging $2.50 per gallon Monday. The national average is up 11.0 cents per gallon from a month ago and stands 5.3 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
February 15, 2020: $2.27 per gallon (U.S. Average: $2.45 per gallon)
February 15, 2019: $2.17 per gallon (U.S. Average: $2.31 per gallon)
February 15, 2018: $2.40 per gallon (U.S. Average: $2.54 per gallon)
February 15, 2017: $2.18 per gallon (U.S. Average: $2.28 per gallon)
February 15, 2016: $1.70 per gallon (U.S. Average: $1.69 per gallon)
February 15, 2015: $2.19 per gallon (U.S. Average: $2.25 per gallon)
February 15, 2014: $3.30 per gallon (U.S. Average: $3.33 per gallon)
February 15, 2013: $3.59 per gallon (U.S. Average: $3.65 per gallon)
February 15, 2012: $3.62 per gallon (U.S. Average: $3.52 per gallon)
February 15, 2011: $3.10 per gallon (U.S. Average: $3.12 per gallon)

Selected areas across the state and their current gas prices:
Fayetteville – $2.34 per gallon, up 6.0 cents per gallon from last week’s $2.28 per gallon.
Charlotte – $2.33 per gallon, up 4.5 cents per gallon from last week’s $2.29 per gallon.
Greensboro – $2.37 per gallon, up 8.8 cents per gallon from last week’s $2.28 per gallon.

“It’s not surprising that gasoline prices continue to follow oil prices higher, as the national average now stands at its highest level since January 2020 as Pay with GasBuddy data shows U.S. gasoline demand rose over two percent last week,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rise in gas prices continues to be driven by improving demand in the United States, and has nothing to do with who sits in the White House, but rather how many motorists are filing their tanks on a daily basis, and from that data, it’s no guess, but prices will continue to trend higher. This situation will last as long as OPEC continues to restrain their oil production. . . The situation won’t get better, just wait until spring, it’s likely the national average will rise another 10 to as much as 50 cents per gallon if oil production doesn’t respond to the continued recovery in demand.”

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

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