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Weekly gas price update for North Carolina

North Carolina gas prices have fallen 2.0 cents per gallon in the past week, averaging $2.60 per gallon Monday, April 5, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 5.1 cents per gallon higher than a month ago and stand 87.5 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was 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 fallen 0.4 cents per gallon in the last week, averaging $2.86 per gallon Monday. The national average is up 9.9 cents per gallon from a month ago and stands 95.5 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
April 5, 2020: $1.72 per gallon (U.S. Average: $1.91 per gallon)
April 5, 2019: $2.61 per gallon (U.S. Average: $2.74 per gallon)
April 5, 2018: $2.57 per gallon (U.S. Average: $2.66 per gallon)
April 5, 2017: $2.24 per gallon (U.S. Average: $2.38 per gallon)
April 5, 2016: $1.96 per gallon (U.S. Average: $2.05 per gallon)
April 5, 2015: $2.27 per gallon (U.S. Average: $2.39 per gallon)
April 5, 2014: $3.51 per gallon (U.S. Average: $3.57 per gallon)
April 5, 2013: $3.59 per gallon (U.S. Average: $3.62 per gallon)
April 5, 2012: $3.91 per gallon (U.S. Average: $3.94 per gallon)
April 5, 2011: $3.62 per gallon (U.S. Average: $3.69 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.57 per gallon, down 6.6 cents per gallon from last week’s $2.64 per gallon.
Charlotte – $2.64 per gallon, down 1.1 cents per gallon from last week’s $2.65 per gallon.
Greensboro – $2.53 per gallon, unchanged  from last week’s $2.53 per gallon.

“Last week was a mixed bag for consumers at the pump as gas prices in half of states rose, while the other half saw declines, with March closing like a lamb after starting out like a lion,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Oil prices have shown signs of strength in the last few trading sessions, as OPEC agreed to raise oil production starting in May by a very modest 350,000 barrels per day. Overall, it’s a small increase in output as global demand continues to show strength in light of Covid-related improvements. U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter, and with demand growth likely to remain robust, we may see a second attempt at a run at a national average of $3 per gallon in the months ahead. While the last few weeks have seen gas prices hold mostly steady, it’s not likely to last forever, especially as Americans increasingly get outside as warmer temperatures return.”

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

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