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North Carolina gas prices have fallen 2.1 cents per gallon in the past week, averaging $3.18 per gallon Monday, November 22, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 5 cents per gallon lower than a month ago and stand $1.28 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.78 per gallon Monday while the most expensive is $3.49 per gallon, a difference of 71 cents per gallon.

The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.39 per gallon Monday. The national average is up 2.8 cents per gallon from a month ago and stands $1.30 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
November 22, 2020: $1.90 per gallon (U.S. Average: $2.10 per gallon)
November 22, 2019: $2.36 per gallon (U.S. Average: $2.60 per gallon)
November 22, 2018: $2.46 per gallon (U.S. Average: $2.55 per gallon)
November 22, 2017: $2.36 per gallon (U.S. Average: $2.52 per gallon)
November 22, 2016: $2.08 per gallon (U.S. Average: $2.13 per gallon)
November 22, 2015: $2.04 per gallon (U.S. Average: $2.07 per gallon)
November 22, 2014: $2.76 per gallon (U.S. Average: $2.82 per gallon)
November 22, 2013: $3.25 per gallon (U.S. Average: $3.22 per gallon)
November 22, 2012: $3.32 per gallon (U.S. Average: $3.43 per gallon)
November 22, 2011: $3.34 per gallon (U.S. Average: $3.33 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.12 per gallon, down 4.3 cents per gallon from last week’s $3.16 per gallon.
Charlotte – $3.15 per gallon, down 1.4 cents per gallon from last week’s $3.17 per gallon.
Greensboro – $3.19 per gallon, down 3.1 cents per gallon from last week’s $3.22 per gallon.

“With oil prices plunging nearly $10 from the recent peak of $85 per barrel, motorists will start to see gas prices decline nationwide, just in time for Thanksgiving, and the decline could stretch for several weeks,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “It’s not impossible – so long as oil prices hold near these levels or continue falling – that the national average could shed 15 to 30 cents per gallon over the coming weeks, while some areas like California could see declines of as much as 25 to 40 cents. While there’s reason to be optimistic that the peak of gas prices will soon be behind us, the decline in the price of oil is likely reflecting the possibility of a coordinated global release of oil from strategic reserves. If that doesn’t happen, oil could again rally. However, with Covid cases on the rise again reducing global demand, it does seem the most likely outcome will be a drop in gas prices that could last several weeks.”

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

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