North Carolina average gas prices down in past week, national average has risen

Published 7:12 am Monday, November 8, 2021

North Carolina gas prices have fallen 1.2 cents per gallon in the past week, averaging $3.22 per gallon Monday, November 8, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 17.5 cents per gallon higher than a month ago and stand $1.33 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.56 per gallon Monday while the most expensive is $3.69 per gallon, a difference of $1.13 per gallon.

The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $3.41 per gallon Monday. The national average is up 15.1 cents per gallon from a month ago and stands $1.31 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:
November 8, 2020: $1.89 per gallon (U.S. Average: $2.09 per gallon)
November 8, 2019: $2.42 per gallon (U.S. Average: $2.63 per gallon)
November 8, 2018: $2.60 per gallon (U.S. Average: $2.72 per gallon)
November 8, 2017: $2.39 per gallon (U.S. Average: $2.56 per gallon)
November 8, 2016: $2.16 per gallon (U.S. Average: $2.20 per gallon)
November 8, 2015: $2.13 per gallon (U.S. Average: $2.22 per gallon)
November 8, 2014: $2.85 per gallon (U.S. Average: $2.93 per gallon)
November 8, 2013: $3.20 per gallon (U.S. Average: $3.20 per gallon)
November 8, 2012: $3.34 per gallon (U.S. Average: $3.46 per gallon)
November 8, 2011: $3.37 per gallon (U.S. Average: $3.41 per gallon)

Selected areas across the state and their current gas prices:
Fayetteville – $3.20 per gallon, down 1.1 cents per gallon from last week’s $3.21 per gallon.
Charlotte – $3.18 per gallon, down 0.6 cents per gallon from last week’s $3.18 per gallon
Greensboro – $3.24 per gallon, down 1.6 cents per gallon from last week’s $3.26 per gallon.

“Last week saw oil prices briefly fall back under $80 for the first time in weeks. While it wasn’t enough to provide much relief last week, we should see small declines this week in a majority of the country, thanks to the corresponding drop in wholesale gasoline prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “At OPEC’s monthly meeting last week, the cartel held firm to the small increases they agreed to in July, raising November production by 400,000 barrels per day. With President Biden still mulling over options to help push gas prices down, we could continue to see some volatility in oil prices. I don’t immediately see a large decline or surge coming in the run up to Thanksgiving, but U.S. gasoline demand does remain strong. Levels are currently rivaling September demand, so we know high prices aren’t significantly curbing consumption.”

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

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