North Carolina gas prices continue upward climb

Published 8:18 am Monday, February 21, 2022

North Carolina gas prices have risen 8.2 cents per gallon in the past week, averaging $3.42 per gallon Monday, February 21, 2022, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 31.7 cents per gallon higher than a month ago and stand 95.0 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.97 per gallon Monday while the most expensive is $3.95 per gallon, a difference of 98 cents per gallon.

The national average price of gasoline has risen 3.0 cents per gallon in the last week, averaging $3.51 per gallon Monday. The national average is up 20.5 cents per gallon from a month ago and stands 88.7 cents per gallon higher than a year ago.

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Historical gasoline prices in North Carolina and the national average going back 10 years:
February 21, 2021: $2.47 per gallon (U.S. Average: $2.63 per gallon)
February 21, 2020: $2.28 per gallon (U.S. Average: $2.48 per gallon)
February 21, 2019: $2.31 per gallon (U.S. Average: $2.40 per gallon)
February 21, 2018: $2.38 per gallon (U.S. Average: $2.52 per gallon)
February 21, 2017: $2.18 per gallon (U.S. Average: $2.28 per gallon)
February 21, 2016: $1.68 per gallon (U.S. Average: $1.71 per gallon)
February 21, 2015: $2.22 per gallon (U.S. Average: $2.28 per gallon)
February 21, 2014: $3.34 per gallon (U.S. Average: $3.38 per gallon)
February 21, 2013: $3.79 per gallon (U.S. Average: $3.78 per gallon)
February 21, 2012: $3.65 per gallon (U.S. Average: $3.57 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.39 per gallon, up 7.3 cents per gallon from last week’s $3.32 per gallon.
Charlotte ­– $3.43 per gallon, up 6.8 cents per gallon from last week’s $3.36 per gallon.
Greensboro – $3.41 per gallon, up 7.0 cents per gallon from last week’s $3.34 per gallon.

“With tensions still very high that Russia may invade Ukraine, gasoline prices kept moving higher, tugged by the rising price of oil as the market concentrates on possible outcomes from the situation that could affect global oil production amidst recovering demand,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “However, with nuclear talks between Iran and global powers ongoing in Vienna, the possibility exists that a new deal could bring Iran’s crude oil supply back to legitimate markets, helping to ease a slight portion of supply concerns. While the proposition remains in the air for the time being, we’re also just a few weeks away from the traditional start of the spring surge in gasoline prices, brought on by the change to summer gasoline, seasonal maintenance at refineries and rising demand. The weeks ahead could be rather ugly with rising prices, especially if Russia pursues a strong-arm invasion of Ukraine.”

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

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