Average North Carolina gas prices drop for fifth straight week

Published 6:54 am Monday, July 18, 2022

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Average gasoline prices in North Carolina have fallen 14 cents per gallon in the last week, averaging $4.16 per gallon Monday, July 18, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 45 cents per gallon lower than a month ago and stand $1.28 per gallon higher than a year ago. The national average price of diesel has declined 10.8 cents in the last week and stands at $5.54 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $3.60 per gallon Sunday, while the most expensive was $5.49 per gallon, a difference of $1.89 per gallon. The lowest price in the state yesterday was $3.60 per gallon while the highest was $5.49 per gallon, a difference of $1.89 per gallon.

The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $4.51 per gallon Monday. The national average is down 47.9 cents per gallon from a month ago and stands $1.35 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:
July 18, 2021: $2.88 per gallon (U.S. Average: $3.16 per gallon)
July 18, 2020: $1.97 per gallon (U.S. Average: $2.20 per gallon)
July 18, 2019: $2.58 per gallon (U.S. Average: $2.78 per gallon)
July 18, 2018: $2.67 per gallon (U.S. Average: $2.86 per gallon)
July 18, 2017: $2.11 per gallon (U.S. Average: $2.26 per gallon)
July 18, 2016: $2.06 per gallon (U.S. Average: $2.20 per gallon)
July 18, 2015: $2.58 per gallon (U.S. Average: $2.76 per gallon)
July 18, 2014: $3.50 per gallon (U.S. Average: $3.58 per gallon)
July 18, 2013: $3.54 per gallon (U.S. Average: $3.67 per gallon)
July 18, 2012: $3.29 per gallon (U.S. Average: $3.42 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.99 per gallon, down 21.7 cents per gallon from last week’s $4.21 per gallon.
Charlotte – $4.20 per gallon, down 13.6 cents per gallon from last week’s $4.34 per gallon.
Greensboro – $4.15 per gallon, down 10.8 cents per gallon from last week’s $4.26 per gallon.

“We’ve seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we’ve seen in years. This trend is likely to reach a sixth straight week, with prices likely to fall again this week. Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99 per gallon by mid-August,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “So far, we’ve seen the national average drop for 34 straight days, with over 25,000 stations now back at $3.99 per gallon or less, and thousands more stations will join this week. In addition, we will see several states fall back under an average of $4, the majority being in the south, but that could spread to more states in the weeks ahead.”

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

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