Weekly North Carolina gas price update

Published 5:53 am Monday, December 27, 2021

North Carolina gas prices have fallen 2.7 cents per gallon in the past week, averaging $3.04 per gallon Monday, December 27, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 13.6 cents per gallon lower than a month ago and stand $1.01 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.39 per gallon Monday while the most expensive is $3.50 per gallon, a difference of $1.11 per gallon.

The national average price of gasoline has fallen 4.4 cents per gallon in the last week, averaging $3.25 per gallon Monday. The national average is down 14.2 cents per gallon from a month ago and stands $1.00 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back 10 years:
December 27, 2020: $2.03 per gallon (U.S. Average: $2.25 per gallon)
December 27, 2019: $2.45 per gallon (U.S. Average: $2.57 per gallon)
December 27, 2018: $2.16 per gallon (U.S. Average: $2.29 per gallon)
December 27, 2017: $2.33 per gallon (U.S. Average: $2.46 per gallon)
December 27, 2016: $2.22 per gallon (U.S. Average: $2.29 per gallon)
December 27, 2015: $1.94 per gallon (U.S. Average: $2.00 per gallon)
December 27, 2014: $2.36 per gallon (U.S. Average: $2.29 per gallon)
December 27, 2013: $3.25 per gallon (U.S. Average: $3.27 per gallon)
December 27, 2012: $3.26 per gallon (U.S. Average: $3.26 per gallon)
December 27, 2011: $3.22/ per gallon (U.S. Average: $3.23 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.96 per gallon, down 0.8 cents per gallon from last week’s $2.97 per gallon.
Charlotte – $3.07 per gallon, down 0.7 cents per gallon from last week’s $3.07 per gallon.
Greensboro – $3.04 per gallon, down 4.3 cents per gallon from last week’s $3.08 per gallon.

“Nearly every state saw average gasoline prices decline last week as millions of Americans took to the road for holiday travel, with the national average now nearly 20 cents per gallon lower than in early November. While the fall in prices is welcomed, we set an ugly new record for the holiday – it was the most expensive Christmas Day we’ve ever seen by two tenths of a penny,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The average on Christmas was $3.264 per gallon, just a fraction of a penny higher than Christmas Day 2013 which saw the national average at $3.262 per gallon. Motorists shouldn’t get too worked up about it – the downward direction in gas prices should persist into this week in most areas. However, gas prices are likely to jump in the Great Lakes due to a behavior called price cycling, caused by a rise in the wholesale price of gasoline against a backdrop of prices in the region that have now fallen under replacement cost. This will trigger a likely jump in gas prices in Michigan, Indiana, Ohio, Illinois and Kentucky very soon.”

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

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