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Going up: North Carolina gas prices rise after short-lived decrease

North Carolina gas prices have risen 5.1 cents per gallon in the past week, averaging $2.92 per gallon Monday, August 2, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 4.2 cents per gallon higher than a month ago and stand 99.2 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.70 per gallon Monday while the most expensive is $3.19 per gallon, a difference of 49.0 cents per gallon.

The national average price of gasoline has risen 1.7 cents per gallon in the last week, averaging $3.16 per gallon Monday. The national average is up 3.8 cents per gallon from a month ago and stands 98.2 cents per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
August 2, 2020: $1.93 per gallon (U.S. Average: $2.17 per gallon)
August 2, 2019: $2.50 per gallon (U.S. Average: $2.71 per gallon)
August 2, 2018: $2.70 per gallon (U.S. Average: $2.87 per gallon)
August 2, 2017: $2.17 per gallon (U.S. Average: $2.33 per gallon)
August 2, 2016: $1.99 per gallon (U.S. Average: $2.11 per gallon)
August 2, 2015: $2.47 per gallon (U.S. Average: $2.65 per gallon)
August 2, 2014: $3.42 per gallon (U.S. Average: $3.50 per gallon)
August 2, 2013: $3.50 per gallon (U.S. Average: $3.62 per gallon)
August 2, 2012: $3.44 per gallon (U.S. Average: $3.53 per gallon)
August 2, 2011: $3.70 per gallon (U.S. Average: $3.70 per gallon)

Selected areas across the state and their current gas prices:
Fayetteville – $2.92 per gallon, up 7.1 cents per gallon from last week’s $2.85 per gallon.
Charlotte – $2.89 per gallon, unchanged  from last week’s $2.89 per gallon.
Greensboro – $2.93 per gallon, up 7.7 cents per gallon from last week’s $2.85 per gallon.

“The downward move in the national average last week was short-lived with the national average rebounding last week on continued strong gasoline demand in the U.S. which has pushed oil prices back up after a brief lull,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “According to GasBuddy data, demand last week set another 2021 high, eclipsing the previous week’s record as we head into the prime of the summer driving season. For the next week or two, we may continue to see gas prices inch higher, but once schools begin re-opening and vacation season ends, we’ll likely see demand trail off, allowing for gas prices to decline gently heading into Labor Day.”

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

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