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Up again: Weekly gas price update for North Carolina

North Carolina gas prices have risen 15.4 cents per gallon in the past week, averaging $2.92 per gallon Monday, May 17, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 30.9 cents per gallon higher than a month ago and stand $1.22 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.59 per gallon Monday while the most expensive is $3.69 per gallon, a difference of $1.10 per gallon.

The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $3.03 per gallon Monday. The national average is up 16.8 cents per gallon from a month ago and stands $1.17 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
May 17, 2020: $1.69 per gallon (U.S. Average: $1.86 per gallon)
May 17, 2019: $2.62 per gallon (U.S. Average: $2.86 per gallon)
May 17, 2018: $2.75 per gallon (U.S. Average: $2.91 per gallon)
May 17, 2017: $2.18 per gallon (U.S. Average: $2.33 per gallon)
May 17, 2016: $2.16 per gallon (U.S. Average: $2.22 per gallon)
May 17, 2015: $2.53 per gallon (U.S. Average: $2.71 per gallon)
May 17, 2014: $3.62 per gallon (U.S. Average: $3.65 per gallon)
May 17, 2013: $3.42 per gallon (U.S. Average: $3.62 per gallon)
May 17, 2012: $3.60 per gallon (U.S. Average: $3.72 per gallon)
May 17, 2011: $3.84 per gallon (U.S. Average: $3.94 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.91 per gallon, up 13.3 cents per gallon from last week’s $2.78 per gallon.
Charlotte – $2.92 per gallon, up 15.3 cents per gallon from last week’s $2.77 per gallon.
Greensboro – $2.94 per gallon, up 18.6 cents per gallon from last week’s $2.76 per gallon.

“The national average gas price surged last week thanks to big price jumps in Southeastern states due to the previously shut down Colonial Pipeline, but most areas outside that region saw smaller fluctuations,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With the pipeline now back in service, I expect prices to come down in the hardest hit states, specifically the Carolinas, Georgia, Tennessee, Florida and Virginia. The drops should lead the national average to soon fall back under the $3 per gallon mark, but motorists shouldn’t get too excited – prices may start to head higher in a few weeks should Memorial Day gasoline demand be red hot. In addition, motorists in the affected areas should see outage numbers continue to decline this week, especially early in the week when gasoline demand tends to be lowest. I’m optimistic that there will be enough recovery by Memorial Day for motorists in these states to fill up without having to search for gasoline.”

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

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