Up again: Weekly North Carolina gas price update shows cost at the pump continues to rise

Published 10:29 am Monday, February 14, 2022

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Average gasoline prices in North Carolina have risen 12.8 cents per gallon in the last week, averaging $3.33 per gallon Monday, February 14, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 24.4 cents per gallon higher than a month ago and stand 99.4 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.97 per gallon Sunday while the most expensive was $3.89 per gallon, a difference of 92.0 cents per gallon.

The national average price of gasoline has risen 4.6 cents per gallon in the last week, averaging $3.47 per gallon Monday. The national average is up 16.5 cents per gallon from a month ago and stands 97.2 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:
February 14, 2021: $2.33 per gallon (U.S. Average: $2.50 per gallon)
February 14, 2020: $2.27 per gallon (U.S. Average: $2.43 per gallon)
February 14, 2019: $2.16 per gallon (U.S. Average: $2.30 per gallon)
February 14, 2018: $2.41 per gallon (U.S. Average: $2.55 per gallon)
February 14, 2017: $2.18 per gallon (U.S. Average: $2.28 per gallon)
February 14, 2016: $1.70 per gallon (U.S. Average: $1.69 per gallon)
February 14, 2015: $2.19 per gallon (U.S. Average: $2.24 per gallon)
February 14, 2014: $3.30 per gallon (U.S. Average: $3.33 per gallon)
February 14, 2013: $3.57 per gallon (U.S. Average: $3.63 per gallon)
February 14, 2012: $3.61 per gallon (U.S. Average: $3.51 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.31 per gallon, up 12.5 cents per gallon from last week’s $3.19 per gallon.
Charlotte – $3.34 per gallon, up 12.5 cents per gallon from last week’s $3.22 per gallon.
Greensboro – $3.34 per gallon, up 14.9 cents per gallon from last week’s $3.19 per gallon.

“The jump in gasoline prices has continued unabated as oil prices continue to push higher, reaching $94 per barrel last week on continued concern over the possible imminent threat that Russia may invade Ukraine,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Not only are oil prices up, but the bulk of the nation is starting the multi-month transition to summer gasoline, further adding to the rise at the pump. In addition, cold weather in Texas last week caused some power outages at major refineries, further weighing on markets. I see no other potentials in the short term but additional price increases unless Russia does an about-face on Ukraine. Even then, we’ll still see seasonality push prices up, so motorists should be ready to dig deeper.”

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

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