Gas prices continue to rise, average back over $4 per gallon in North Carolina

Published 7:44 am Monday, May 9, 2022

Average gasoline prices in North Carolina have risen 16.3 cents per gallon in the last week, averaging $4.10 per gallon Monday, May 9, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 24.2 cents per gallon higher than a month ago and stand $1.38 per gallon higher than a year ago. The price of diesel has risen 22.6 cents nationally in the past week and stands at $5.518 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $3.39 per gallon Sunday while the most expensive was $4.99 per gallon, a difference of $1.60 per gallon.

The national average price of gasoline has risen 13.6 cents per gallon in the last week, averaging $4.31 per gallon Monday. The national average is up 19.6 cents per gallon from a month ago and stands $1.36 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:
May 9, 2021: $2.71 per gallon (U.S. Average: $2.95 per gallon)
May 9, 2020: $1.65 per gallon (U.S. Average: $1.84 per gallon)
May 9, 2019: $2.67 per gallon (U.S. Average: $2.87 per gallon)
May 9, 2018: $2.69 per gallon (U.S. Average: $2.84 per gallon)
May 9, 2017: $2.21 per gallon (U.S. Average: $2.33 per gallon)
May 9, 2016: $2.15 per gallon (U.S. Average: $2.21 per gallon)
May 9, 2015: $2.49 per gallon (U.S. Average: $2.66 per gallon)
May 9, 2014: $3.63 per gallon (U.S. Average: $3.67 per gallon)
May 9, 2013: $3.43 per gallon (U.S. Average: $3.55 per gallon)
May 9, 2012: $3.68 per gallon (U.S. Average: $3.74 per gallon)

Selected areas across the state and their current gas prices:
Fayetteville – $4.07 per gallon, up 17.5 cents per gallon from last week’s $3.89 per gallon.
Charlotte – $4.10 per gallon, up 16.8 cents per gallon from last week’s $3.93 per gallon.
Greensboro – $4.09 per gallon, up 14.0 cents per gallon from last week’s $3.95 per gallon.

“Gasoline and diesel prices alike saw strong upward momentum last week as oil prices continued to climb after the EU signaled its desire to sanction Russian oil. In addition, U.S. petroleum inventories saw yet another weekly decline as we near the start of summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Not only are diesel prices at a record high, they are at their largest differential to gasoline on record, surpassing the 98-cent difference in 2008 and currently standing at a $1.20 per gallon premium. While motorists filling with gasoline have seen a slight rise in prices, diesel’s surge will be a double whammy as diesel prices will soon be passed along to retail channels, further pushing up the cost of goods.”

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

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