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Gas prices in North Carolina over 20 cents per gallon higher than last month

North Carolina gas prices have risen 0.7 cents per gallon in the past week, averaging $2.67 per gallon Monday, March 22, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 20.5 cents per gallon higher than a month ago and stand 77.0 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.39 per gallon Monday while the most expensive is $3.12 per gallon, a difference of 73.0 cents per gallon.

The national average price of gasoline has fallen 0.3 cents per gallon in the last week, averaging $2.86 per gallon Monday. The national average is up 22.2 cents per gallon from a month ago and stands 78.2 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
March 22, 2020: $1.90 per gallon (U.S. Average: $2.08 per gallon)
March 22, 2019: $2.48 per gallon (U.S. Average: $2.62 per gallon)
March 22, 2018: $2.46 per gallon (U.S. Average: $2.59 per gallon)
March 22, 2017: $2.19 per gallon (U.S. Average: $2.29 per gallon)
March 22, 2016: $1.90 per gallon (U.S. Average: $1.98 per gallon)
March 22, 2015: $2.29 per gallon (U.S. Average: $2.43 per gallon)
March 22, 2014: $3.42 per gallon (U.S. Average: $3.52 per gallon)
March 22, 2013: $3.66 per gallon (U.S. Average: $3.69 per gallon)
March 22, 2012: $3.82 per gallon (U.S. Average: $3.89 per gallon)
March 22, 2011: $3.52 per gallon (U.S. Average: $3.55 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.69 per gallon, down 0.6 cents per gallon from last week’s $2.70 per gallon.
Charlotte – $2.69 per gallon, unchanged  from last week’s $2.68 per gallon.
Greensboro – $2.59 per gallon, down 3.6 cents per gallon from last week’s $2.63 per gallon.

“With oil prices finally sagging over the last week on inflation fears and worries about a surge in COVID-19 cases in Europe impacting oil demand, motorists filling their tanks may soon see a brief respite from rising gas prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While gasoline demand last week rose to its highest level since the pandemic began, concerns that oil demand growth will stall with COVID-19 cases surging in Europe are eroding oil’s recent rise. While gas prices still rose in a majority of states last week, we may see some price decreases in the week or weeks ahead, even as U.S. gasoline demand continues to rally to the highest level since the pandemic started nearly a year ago. It’ll be a bumpy road the next few weeks as markets sort out the bearish and bullish factors, but I still believe prices will likely experience more upward momentum ahead of Memorial Day.”

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

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