Up again: North Carolina gas prices rise for second week in a row

Published 7:56 am Monday, October 11, 2021

North Carolina gas prices have risen 4.4 cents per gallon in the past week, averaging $3.05 per gallon Monday, October 11, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 11.5 cents per gallon higher than a month ago and stand $1.06 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.76 per gallon Monday while the most expensive is $3.54 per gallon, a difference of 78 cents per gallon.

The national average price of gasoline has risen 5.2 cents per gallon in the last week, averaging $3.25 per gallon Monday. The national average is up 7.5 cents per gallon from a month ago and stands $1.08 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
October 11, 2020: $1.99 per gallon (U.S. Average: $2.16 per gallon)
October 11, 2019: $2.36 per gallon (U.S. Average: $2.64 per gallon)
October 11, 2018: $2.73 per gallon (U.S. Average: $2.90 per gallon)
October 11, 2017: $2.39 per gallon (U.S. Average: $2.47 per gallon)
October 11, 2016: $2.23 per gallon (U.S. Average: $2.25 per gallon)
October 11, 2015: $2.14 per gallon (U.S. Average: $2.31 per gallon)
October 11, 2014: $3.18 per gallon (U.S. Average: $3.21 per gallon)
October 11, 2013: $3.26 per gallon (U.S. Average: $3.33 per gallon)
October 11, 2012: $3.71 per gallon (U.S. Average: $3.81 per gallon)
October 11, 2011: $3.37 per gallon (U.S. Average: $3.39 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.04 per gallon, up 9.8 cents per gallon from last week’s $2.95 per gallon.
Charlotte – $2.99 per gallon, up 8.2 cents per gallon from last week’s $2.91 per gallon.
Greensboro – $3.07 per gallon, up 2.2 cents per gallon from last week’s $3.05 per gallon.

“Last week saw oil prices advance to their highest in seven years, with a barrel of West Texas Intermediate crude oil surpassing the critical $80 per barrel level. The nation’s gas prices were also pushed to their highest since 2014, all on OPEC’s decision not to raise production more than it already agreed to in July,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The OPEC decision caused an immediate reaction in oil prices, and amidst what is turning into a global energy crunch, motorists are now spending over $400 million more on gasoline every single day than they were just a year ago. The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic. If Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up.”

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

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