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On the rise: Weekly gas price update for North Carolina

North Carolina gas prices have risen 2.3 cents per gallon in the past week, averaging $2.88 per gallon Tuesday, July 6, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 2.2 cents per gallon higher than a month ago and stand 85.5 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.49 per gallon Tuesday while the most expensive is $3.49 per gallon, a difference of 100.0 cents per gallon.

The national average price of gasoline is unchanged in the last week, averaging $3.12 per gallon Tuesday. The national average is up 7.9 cents per gallon from a month ago and stands 94.3 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
July 6, 2020: $2.02 per gallon (U.S. Average: $2.18 per gallon)
July 6, 2019: $2.54 per gallon (U.S. Average: $2.75 per gallon)
July 6, 2018: $2.67 per gallon (U.S. Average: $2.86 per gallon)
July 6, 2017: $2.09 per gallon (U.S. Average: $2.26 per gallon)
July 6, 2016: $2.14 per gallon (U.S. Average: $2.25 per gallon)
July 6, 2015: $2.64 per gallon (U.S. Average: $2.76 per gallon)
July 6, 2014: $3.54 per gallon (U.S. Average: $3.65 per gallon)
July 6, 2013: $3.38 per gallon (U.S. Average: $3.47 per gallon)
July 6, 2012: $3.20 per gallon (U.S. Average: $3.36 per gallon)
July 6, 2011: $3.47 per gallon (U.S. Average: $3.57 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.87 per gallon, up 4.3 cents per gallon from last week’s $2.82 per gallon.
Charlotte – $2.83 per gallon, down 0.4 cents per gallon from last week’s $2.83 per gallon.
Greensboro – $2.89 per gallon, up 1.5 cents per gallon from last week’s $2.88 per gallon.

“Gasoline demand over the holiday weekend certainly did not disappoint as millions of Americans flooded the roads for the long weekend, guzzling down gasoline at a clip not seen in years, and in the process, we could have set new all-time records for consumption,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “As OPEC+ met over the weekend and saw a heated disagreement about raising oil production, WTI crude oil surged in Monday evening electronic trading to nearly $77 per barrel on higher demand and a lack of additional supply from OPEC amidst a mountain of disagreement on how to respond to the market. For now, with imbalances in supply and demand continuing, motorists will continue digging deeper to pay for gasoline as prices are likely headed nowhere but up until global supply starts to catch up with the continued surge in demand.”

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

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