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Average North Carolina gas prices down slightly, still 97.4 cents higher than last year

North Carolina gas prices have fallen 0.8 cents per gallon in the past week, averaging $2.90 per gallon Monday, August 16, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 1.8 cents per gallon higher than a month ago and stand 97.4 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.65 per gallon Monday while the most expensive is $3.39 per gallon, a difference of 74.0 cents per gallon.

The national average price of gasoline has fallen 0.5 cents per gallon in the last week, averaging $3.17 per gallon Monday. The national average is unchanged from a month ago and stands $1.01 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
August 16, 2020: $1.93 per gallon (U.S. Average: $2.16 per gallon)
August 16, 2019: $2.43 per gallon (U.S. Average: $2.62 per gallon)
August 16, 2018: $2.67 per gallon (U.S. Average: $2.85 per gallon)
August 16, 2017: $2.20 per gallon (U.S. Average: $2.34 per gallon)
August 16, 2016: $1.99 per gallon (U.S. Average: $2.13 per gallon)
August 16, 2015: $2.37 per gallon (U.S. Average: $2.68 per gallon)
August 16, 2014: $3.36 per gallon (U.S. Average: $3.46 per gallon)
August 16, 2013: $3.43 per gallon (U.S. Average: $3.53 per gallon)
August 16, 2012: $3.64 per gallon (U.S. Average: $3.71 per gallon)
August 16, 2011: $3.60 per gallon (U.S. Average: $3.58 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.88 per gallon, down 2.8 cents per gallon from last week’s $2.91 per gallon.
Charlotte – $2.88 per gallon, down 1.5 cents per gallon from last week’s $2.89 per gallon.
Greensboro – $2.88 per gallon, down 3.4 cents per gallon from last week’s $2.91 per gallon.

“As the number of Covid cases continues to surge globally, oil prices continue to be under pressure due to some countries instituting travel and movement limitations. This limits oil demand, which has led to the increase in gas prices slowing, and many states seeing slight drops compared to prices a week ago,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “In addition, the tropics are heating up, which could be a source of upward pressure on gas prices should we see a major hurricane target the Gulf Coast. However, without such a storm, gas prices may see some stability over the coming week or two, before slowly decreasing as the summer driving season wraps up.”

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

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