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North Carolina weekly gas price update: Prices up again

North Carolina gas prices have risen 13.2 cents per gallon in the past week, averaging $2.47 per gallon Monday, February 22, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 27.0 cents per gallon higher than a month ago and stand 18.6 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.15 per gallon Monday while the most expensive is $3.09 per gallon, a difference of 94.0 cents per gallon.

The national average price of gasoline has risen 10.4 cents per gallon in the last week, averaging $2.63 per gallon Monday. The national average is up 24.2 cents per gallon from a month ago and stands 15.1 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
February 22, 2020: $2.28 per gallon (U.S. Average: $2.48 per gallon)
February 22, 2019: $2.31 per gallon (U.S. Average: $2.40 per gallon)
February 22, 2018: $2.37 per gallon (U.S. Average: $2.52 per gallon)
February 22, 2017: $2.18 per gallon (U.S. Average: $2.28 per gallon)
February 22, 2016: $1.67 per gallon (U.S. Average: $1.71 per gallon)
February 22, 2015: $2.22 per gallon (U.S. Average: $2.29 per gallon)
February 22, 2014: $3.34 per gallon (U.S. Average: $3.39 per gallon)
February 22, 2013: $3.80 per gallon (U.S. Average: $3.78 per gallon)
February 22, 2012: $3.66 per gallon (U.S. Average: $3.58 per gallon)
February 22, 2011: $3.14 per gallon (U.S. Average: $3.16 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.49 per gallon, up 15.6 cents per gallon from last week’s $2.34 per gallon.
Charlotte – $2.47 per gallon, up 14.1 cents per gallon from last week’s $2.33 per gallon.
Greensboro – $2.49 per gallon, up 13.3 cents per gallon from last week’s $2.36 per gallon.

“With last week’s extreme cold shutting down millions of barrels per day in refinery capacity, gas prices have seen their largest weekly climb in quite some time,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The jump in price was the result of a dozen or so refineries, primarily in Texas, that were forced to shut down as the frigid temperatures threatened to wreak havoc on their exposed equipment. With the cold weather behind us, price increases [should] begin to slow later this week or next week, and so long as these refineries get back online in short order, we may see gas prices start to move back down in the next couple of weeks. However, as we near spring weather, we’ll likely see another longer term rise in prices begin as refineries start to transition to summer gasoline, so motorists shouldn’t jump for joy just yet.”

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

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