North Carolina gas prices still on the rise

Published 12:23 pm Monday, October 25, 2021

North Carolina gas prices have risen 13.7 cents per gallon in the past week, averaging $3.23 per gallon Monday, October 25, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 29.1 cents per gallon higher than a month ago and stand $1.30 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 Monday while the most expensive is $3.49 per gallon, a difference of one dollar per gallon.

The national average price of gasoline has risen 3.8 cents per gallon in the last week, averaging $3.36 per gallon Monday. The national average is up 17.1 cents per gallon from a month ago and stands $1.21 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:
October 25, 2020: $1.93 per gallon (U.S. Average: $2.14 per gallon)
October 25, 2019: $2.38 per gallon (U.S. Average: $2.61 per gallon)
October 25, 2018: $2.68 per gallon (U.S. Average: $2.83 per gallon)
October 25, 2017: $2.30 per gallon (U.S. Average: $2.45 per gallon)
October 25, 2016: $2.19 per gallon (U.S. Average: $2.22 per gallon)
October 25, 2015: $2.08 per gallon (U.S. Average: $2.20 per gallon)
October 25, 2014: $2.97 per gallon (U.S. Average: $3.05 per gallon)
October 25, 2013: $3.28 per gallon (U.S. Average: $3.30 per gallon)
October 25, 2012: $3.55 per gallon (U.S. Average: $3.59 per gallon)
October 25, 2011: $3.42 per gallon (U.S. Average: $3.44 per gallon)

Selected areas across the state and their current gas prices:
Fayetteville – $3.23 per gallon, up 16.8 cents per gallon from last week’s $3.06 per gallon.
Charlotte – $3.17 per gallon, up 7.7 cents per gallon from last week’s $3.09 per gallon.
Greensboro – $3.24 per gallon, up 14.9 cents per gallon from last week’s $3.09 per gallon.

“Gas prices continued to soar in a majority of the nation over the last week as oil’s meteoric rise pulls gasoline and other refined product prices higher. But, there may be some light at the end of the tunnel,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The sharp rise we’ve seen over the last three weeks should begin slowing down soon, barring another jump in the price of oil. This is because gasoline prices have now largely caught up to the jump in oil that started nearly a month ago. This isn’t an all clear for the future, however, as oil prices could rise again at any time. But for now, oil has held around $83 per barrel, and without a further climb, gas price increases should slow down soon in the bulk of the nation.”

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

READ ABOUT MORE NEWS HERE.