Gas prices in North Carolina continue downward trend

Published 6:55 am Monday, August 8, 2022

Average gasoline prices in North Carolina have fallen 13.4 cents per gallon in the last week, averaging $3.73 per gallon Monday, August 8, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 60.7 cents per gallon lower than a month ago and stand 81.8 cents per gallon higher than a year ago. The national average price of diesel has declined 13.1 cents in the last week and stands at $5.14 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $3.12 per gallon Sunday while the most expensive was $4.79 per gallon, a difference of $1.67 per gallon.

The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $4.01 per gallon Monday. The national average is down 68.7 cents per gallon from a month ago and stands 83.6 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:
August 8, 2021: $2.91 per gallon (U.S. Average: $3.18 per gallon)
August 8, 2020: $1.91 per gallon (U.S. Average: $2.17 per gallon)
August 8, 2019: $2.50 per gallon (U.S. Average: $2.66 per gallon)
August 8, 2018: $2.69 per gallon (U.S. Average: $2.87 per gallon)
August 8, 2017: $2.20 per gallon (U.S. Average: $2.36 per gallon)
August 8, 2016: $1.98 per gallon (U.S. Average: $2.12 per gallon)
August 8, 2015: $2.41 per gallon (U.S. Average: $2.60 per gallon)
August 8, 2014: $3.39 per gallon (U.S. Average: $3.47 per gallon)
August 8, 2013: $3.48 per gallon (U.S. Average: $3.58 per gallon)
August 8, 2012: $3.58 per gallon (U.S. Average: $3.65 per gallon)

Selected areas around the state their current gas prices:
Fayetteville – $3.53 per gallon, down 15.4 cents per gallon from last week’s $3.68 per gallon.
Charlotte – $3.86 per gallon, down 10.1 cents per gallon from last week’s $3.96 per gallon.
Greensboro – $3.72 per gallon, down 16.5 cents per gallon from last week’s $3.88 per gallon.

“The national average is poised to fall back under $4 per gallon as early as today as we see the decline in gas prices enter its eighth straight week. By the end of the week, one hundred thousand stations will be at $3.99 or less,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel continues to decline as well, and will likely soon fall under $5 per gallon. We’ve even seen nearly a dozen stations in low-priced states fall under $2.99, a welcome return to some lucky motorists in areas of Texas, Oklahoma, Kansas and Iowa. The groundwork is laid for a ninth week of decline, with areas of the West Coast soon ditching the $5 per gallon average. While I’m upbeat the drop can continue for another couple weeks, we’re starting to see some activity in the tropics, which may increase risk of potential disruption.”

GasBuddy data is accessible at prices.GasBuddy.com.

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