North Carolina gas prices rise again over past week

Published 6:47 am Monday, January 31, 2022

Average gasoline prices in North Carolina have risen 3.7 cents per gallon in the last week, averaging $3.14 per gallon Monday, January 31, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 8.0 cents per gallon higher than a month ago and stand 85.8 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.79 per gallon Sunday while the most expensive was $3.69 per gallon, a difference of 90.0 cents per gallon.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.34 per gallon Monday. The national average is up 6.8 cents per gallon from a month ago and stands 92.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

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Historical gasoline prices in North Carolina and the national average going back 10 years:
January 31, 2021: $2.28 per gallon (U.S. Average: $2.42 per gallon)
January 31, 2020: $2.27 per gallon (U.S. Average: $2.47 per gallon)
January 31, 2019: $2.14 per gallon (U.S. Average: $2.27 per gallon)
January 31, 2018: $2.50 per gallon (U.S. Average: $2.59 per gallon)
January 31, 2017: $2.19 per gallon (U.S. Average: $2.27 per gallon)
January 31, 2016: $1.79 per gallon (U.S. Average: $1.80 per gallon)
January 31, 2015: $2.05 per gallon (U.S. Average: $2.05 per gallon)
January 31, 2014: $3.28 per gallon (U.S. Average: $3.27 per gallon)
January 31, 2013: $3.40 per gallon (U.S. Average: $3.43 per gallon)
January 31, 2012: $3.53 per gallon (U.S. Average: $3.44 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.10 per gallon, up 2.7 cents per gallon from last week’s $3.07 per gallon.
Charlotte – $3.14 per gallon, up 2.0 cents per gallon from last week’s $3.12 per gallon.
Greensboro – $3.12 per gallon, up 2.9 cents per gallon from last week’s $3.09 per gallon.

“The price of oil pushed into territory unseen in over seven years as WTI crude hit $88 per barrel, which continues to drag gasoline prices higher. With continued concerns over geopolitical tensions and crude oil supply, the small yet noticeable increases are likely to continue,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The only factor keeping gas prices from rising more substantially is that gasoline demand remains low as winter storms keep motorists closer to home. Once the weather starts to turn and warm gradually, we’ll lose the only restraint to larger price increases.”

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

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