Fuel prices continue downward trend

Published 2:43 pm Monday, September 12, 2022

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Average gasoline prices in North Carolina have fallen 8 cents per gallon in the last week, averaging $3.39 per gallon Monday, September 12, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 26.7 cents per gallon lower than a month ago and stand 45.6 cents per gallon higher than a year ago. The national average price of diesel has declined 5.5 cents in the last week and stands at $5.01 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.98 per gallon Sunday while the most expensive was $4.79 per gallon, a difference of $1.81 per gallon.

The national average price of gasoline has fallen 7.6 cents per gallon in the last week, averaging $3.67 per gallon Monday. The national average is down 26.9 cents per gallon from a month ago and stands 52.3 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:
September 12, 2021: $2.93 per gallon (U.S. average: $3.15 per gallon)
September 12, 2020: $2.00 per gallon (U.S. average: $2.18 per gallon)
September 12, 2019: $2.33 per gallon (U.S. average: $2.56 per gallon)
September 12, 2018: $2.66 per gallon (U.S. average: $2.84 per gallon)
September 12, 2017: $2.64 per gallon (U.S. average: $2.65 per gallon)
September 12, 2016: $2.04 per gallon (U.S. average: $2.17 per gallon)
September 12, 2015: $2.14 per gallon (U.S. average: $2.35 per gallon)
September 12, 2014: $3.32 per gallon (U.S. average: $3.41 per gallon)
September 12, 2013: $3.45 per gallon (U.S. average: $3.53 per gallon)
September 12, 2012: $3.81 per gallon (U.S. average: $3.86 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.24 per gallon, down 9.3 cents per gallon from last week’s $3.33 per gallon.
Charlotte – $3.42 per gallon, down 8.0 cents per gallon from last week’s $3.50 per gallon.
Greensboro – $3.33 per gallon, down 8.3 cents per gallon from last week’s $3.41 per gallon.

“We continue to see the national average price of gasoline decline, now for the thirteenth straight week. But, we’re seeing drastically different price behaviors from coast to coast, with some areas seeing noticeable increases while others are seeing decreases,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Refinery issues in California are leading to increases in areas supplied by the state’s refineries, including areas of Arizona, Nevada, Oregon, Washington and of course, California. Gasoline supply remains tight for the East Coast with some modest moves up, while prices continue to edge lower in the Plains, South and areas of the Great Lakes. For now, I believe the drop in prices will overpower the increases, leading to potentially another decline this week, but we’re in a very fragile time and certainly could see a broader move higher in the weeks ahead.”

GasBuddy data is accessible at prices.GasBuddy.com.

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