Gas prices in North Carolina continue downward trend

Published 8:27 am Monday, December 20, 2021

North Carolina gas prices have fallen 2.9 cents per gallon in the past week, averaging $3.07 per gallon Monday, December 20, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 10.9 cents per gallon lower than a month ago and stand $1.04 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.59 per gallon Monday while the most expensive is $3.92 per gallon, a difference of $1.33 per gallon.

The national average price of gasoline has fallen 2.8 cents per gallon in the last week, averaging $3.30 per gallon Monday. The national average is down 11.0 cents per gallon from a month ago and stands $1.09 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:
December 20, 2020: $2.04 per gallon (U.S. Average: $2.21 per gallon)
December 20, 2019: $2.41 per gallon (U.S. Average: $2.56 per gallon)
December 20, 2018: $2.21 per gallon (U.S. Average: $2.35 per gallon)
December 20, 2017: $2.28 per gallon (U.S. Average: $2.43 per gallon)
December 20, 2016: $2.19 per gallon (U.S. Average: $2.25 per gallon)
December 20, 2015: $1.96 per gallon (U.S. Average: $1.99 per gallon)
December 20, 2014: $2.45 per gallon (U.S. Average: $2.41 per gallon)
December 20, 2013: $3.22 per gallon (U.S. Average: $3.21 per gallon)
December 20, 2012: $3.21 per gallon (U.S. Average: $3.21 per gallon)
December 20, 2011: $3.23 per gallon (U.S. Average: $3.21 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.97 per gallon, down 2.7 cents per gallon from last week’s $3.00 per gallon.
Charlotte – $3.08 per gallon, down 0.8 cents per gallon from last week’s $3.08 per gallon.
Greensboro – $3.08 per gallon, down 2.1 cents per gallon from last week’s $3.10 per gallon.

“For yet another week, average gasoline prices continue to fall as omicron cases surge, leading oil demand, and thus oil prices, to stall. The decline in gas prices will likely continue until new Covid cases slow down,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With gas prices very likely to continue declining this week in most states, we may see Christmas gas prices fall just under their all-time high on the holiday, which was $3.26 in 2013. Beyond Christmas, with omicron cases likely to continue climbing, I do believe we’ll see a more noticeable hit on gasoline demand once the holidays are over. There’s a rising likelihood that we won’t see gas prices rising for the rest of the year – with one caveat – gas prices in the Great Lakes states have plummeted by 30 to 50 cents in some areas, and stations in those areas may raise prices slightly should oil prices slow their decline. Aside from those areas, declines at the pump are likely to continue as we close out 2021.”

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

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