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Weekly gas price update for North Carolina

North Carolina gas prices are unchanged in the past week, averaging $2.86 per gallon Monday, June 7, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 16.1 cents per gallon higher than a month ago and stand $1.02 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.56 per gallon Monday while the most expensive is $3.50 per gallon, a difference of 94.0 cents per gallon.

The national average price of gasoline has risen 0.6 cents per gallon in the last week, averaging $3.04 per gallon Monday. The national average is up 8.4 cents per gallon from a month ago and stands $1.02 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:
June 7, 2020: $1.84 per gallon (U.S. Average: $2.02 per gallon)
June 7, 2019: $2.51 per gallon (U.S. Average: $2.75 per gallon)
June 7, 2018: $2.75 per gallon (U.S. Average: $2.94 per gallon)
June 7, 2017: $2.18 per gallon (U.S. Average: $2.35 per gallon)
June 7, 2016: $2.27 per gallon (U.S. Average: $2.36 per gallon)
June 7, 2015: $2.63 per gallon (U.S. Average: $2.76 per gallon)
June 7, 2014: $3.58 per gallon (U.S. Average: $3.66 per gallon)
June 7, 2013: $3.39 per gallon (U.S. Average: $3.64 per gallon)
June 7, 2012: $3.40 per gallon (U.S. Average: $3.56 per gallon)
June 7, 2011: $3.64 per gallon (U.S. Average: $3.76 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.85 per gallon, unchanged  from last week’s $2.84 per gallon.
Charlotte – $2.83 per gallon, down 0.5 cents per gallon from last week’s $2.84 per gallon.
Greensboro – $2.89 per gallon, down 1.8 cents per gallon from last week’s $2.91 per gallon.

“We’re entering our fourth straight week with the national average above the key $3 per gallon level, but while gas prices haven’t broken past the low $3s, they have also failed to decline much from their peak as demand for gasoline continues to push higher as the summer driving season is underway,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to GasBuddy data, gasoline demand last week eclipsed the prior week, when millions of Americans were gearing up for Memorial Day travel, not an easy feat, but highlights that economic conditions are ripe for continued growth in demand, contributing to prices holding at high levels. As OPEC has maintained a slow but steady increase in oil production, that additional production is quickly being gobbled up by a global economy that continues to recover. Our current gas prices likely won’t change much by July 4, but remain stubbornly high, barring any major curveballs to supply and demand.”

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

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Weekly gas price update for North Carolina