Weekly North Carolina gas price update
Published 7:04 am Monday, October 31, 2022
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Average gasoline prices in North Carolina have fallen 5.6 cents per gallon in the last week, averaging $3.36 per gallon on Monday, October 31, 2022, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 7.7 cents per gallon higher than a month ago and stand 13.0 cents per gallon higher than a year ago. The national average price of diesel has declined 2.39 cents in the last week and stands at $5.28 per gallon.
According to GasBuddy price reports, the cheapest station in North Carolina was priced at $3 per gallon Sunday while the most expensive was $4.69 per gallon, a difference of $1.69 per gallon.
The national average price of gasoline has fallen 4.7 cents per gallon in the last week, averaging $3.72 per gallon Monday. The national average is down 3.0 cents per gallon from a month ago and stands 34.4 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.
Historical gasoline prices in North Carolina and the national average going back 10 years:
October 31, 2021: $3.23 per gallon (U.S. average: $3.38 per gallon)
October 31, 2020: $1.89 per gallon (U.S. average: $2.11 per gallon)
October 31, 2019: $2.39 per gallon (U.S. average: $2.61 per gallon)
October 31, 2018: $2.64 per gallon (U.S. average: $2.77 per gallon)
October 31, 2017: $2.32 per gallon (U.S. average: $2.48 per gallon)
October 31, 2016: $2.17 per gallon (U.S. average: $2.20 per gallon)
October 31, 2015: $2.06 per gallon (U.S. average: $2.17 per gallon)
October 31, 2014: $2.91 per gallon (U.S. average: $2.99 per gallon)
October 31, 2013: $3.25 per gallon (U.S. average: $3.27 per gallon)
October 31, 2012: $3.44 per gallon (U.S. average: $3.51 per gallon)
Selected areas around the state and their current gas prices:
Fayetteville – $3.24 per gallon, down 5.8 cents per gallon from last week’s $3.29 per gallon.
Charlotte – $3.41 per gallon, down 10.0 cents per gallon from last week’s $3.51 per gallon.
Greensboro – $3.34 per gallon, down 5.2 cents per gallon from last week’s $3.39 per gallon.
“For the third consecutive week, we’ve seen the national average price of gasoline decline, and while it’s good news for most regions with a continued drop in prices, the Northeast is bucking the trend and seeing a noticeable jump due to tight supply,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The national average is closing in on the previous low from September, which was interrupted when refinery issues caused prices to skyrocket in the West and Great Lakes. With those issues addressed, the West has seen prices plummet, including a nearly 90 cent per gallon decline in California in less than a month. Compare that to the Northeast, where prices have jumped some 10-25 cents per gallon, demonstrating there’s much regionality to current gasoline price trends. Add in diesel prices that remain high amidst extremely tight supply, and there’s definitely some challenges that lie ahead.”
GasBuddy data is accessible at prices.GasBuddy.com.
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