North Carolina gas prices see slight dip, national average for diesel is up

Published 8:04 am Monday, October 17, 2022

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Average gasoline prices in North Carolina have fallen 0.8 cents per gallon in the last week, averaging $3.48 per gallon on Monday, October 17, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 14.4 cents per gallon higher than a month ago and stand 39.3 cents per gallon higher than a year ago. The national average price of diesel has increased 18.7 cents in the last week and stands at $5.06 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.49 per gallon Sunday while the most expensive was $5.49 per gallon, a difference of $3 per gallon.

The national average price of gasoline has fallen 5.4 cents per gallon in the last week, averaging $3.86 per gallon Monday. The national average is up 20.6 cents per gallon from a month ago and stands 56.6 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:
October 17, 2021: $3.09 per gallon (U.S. average: $3.30 per gallon)
October 17, 2020: $1.97 per gallon (U.S. average: $2.16 per gallon)
October 17, 2019: $2.43 per gallon (U.S. average: $2.67 per gallon)
October 17, 2018: $2.72 per gallon (U.S. average: $2.86 per gallon)
October 17, 2017: $2.34 per gallon (U.S. average: $2.45 per gallon)
October 17, 2016: $2.22 per gallon (U.S. average: $2.23 per gallon)
October 17, 2015: $2.12 per gallon (U.S. average: $2.26 per gallon)
October 17, 2014: $3.08 per gallon (U.S. average: $3.13 per gallon)
October 17, 2013: $3.29 per gallon (U.S. average: $3.35 per gallon)
October 17, 2012: $3.68 per gallon (U.S. average: $3.75 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.37 per gallon, down 3.8 cents per gallon from last week’s $3.41 per gallon.
Charlotte – $3.59 per gallon, up 5.1 cents per gallon from last week’s $3.54 per gallon.
Greensboro – $3.45 per gallon, down 3.3 cents per gallon from last week’s $3.49 per gallon.

“After a sharp rise in the national average over the last few weeks, we’ve seen an abrupt, yet expected decline as refinery issues have eased in the West and Great Lakes, overpowering some increases elsewhere. Though at the same time, diesel prices have soared,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We’ll see a continued sharp drop in gas prices on the West Coast, including areas like Las Vegas and Phoenix, which are supplied by refiners in California, as refinery outages have been addressed. The Great Lakes will see prices drift lower as BP’s Whiting refinery is soon to complete maintenance. In addition, oil prices have cooled off slightly after OPEC+’s decision to cut production, and that should slow increases elsewhere. Diesel and heating oil prices are likely to continue to rise as extremely low inventories of middle of the barrel products like these two push prices higher.”

GasBuddy data is accessible at prices.GasBuddy.com.

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