Weekly North Carolina gas price update

Published 10:17 am Monday, November 29, 2021

North Carolina gas prices have risen 0.3 cents per gallon in the past week, averaging $3.18 per gallon Monday, November 29, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 16.8 cents per gallon lower than a month ago and stand $1.21 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.27 per gallon Monday while the most expensive is $3.79 per gallon, a difference of $1.52 per gallon.

The national average price of gasoline has fallen 3.4 cents per gallon in the last week, averaging $3.37 per gallon Monday. The national average is down 1.4 cents per gallon from a month ago and stands $1.26 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back five years:
November 29, 2020: $1.97 per gallon (U.S. Average: $2.11 per gallon)
November 29, 2019: $2.40 per gallon (U.S. Average: $2.59 per gallon)
November 29, 2018: $2.37 per gallon (U.S. Average: $2.48 per gallon)
November 29, 2017: $2.36 per gallon (U.S. Average: $2.49 per gallon)
November 29, 2016: $2.08 per gallon (U.S. Average: $2.15 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.10 per gallon, down 1.8 cents per gallon from last week’s $3.12 per gallon.
Charlotte – $3.14 per gallon, down 1.4 cents per gallon from last week’s $3.16 per gallon.
Greensboro – $3.18 per gallon, down 1.7 cents per gallon from last week’s $3.20 per gallon.

“Gas price declines are slowly picking up momentum. With oil’s recent fall and the jury out on a new Covid variant, Omicron, we could be in store for lower prices based on many countries turning back to travel restrictions, limiting oil demand and potentially accelerating the drop in gas prices,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “There remains a very high level of uncertainty ahead of us as OPEC has also delayed its meetings to await more market movements and information on Omicron. But so far, Americans can expect the new variant to push gas prices even lower. Beyond the next few weeks, it remains nearly impossible to predict where oil and gas prices will head, though turbulence is guaranteed.”

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

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