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Average gasoline prices in North Carolina have fallen 6.5 cents per gallon in the last week, averaging $3.12 per gallon Monday, February 27, 2023, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 23.8 cents per gallon lower than a month ago and stand 42.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 7.7 cents in the last week and stands at $4.38 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.69 per gallon Sunday while the most expensive was $3.89 per gallon, a difference of $1.20 per gallon. The lowest price in the state yesterday was $2.69 per gallon while the highest was $3.89 per gallon, a difference of $1.20 per gallon.

The national average price of gasoline has fallen 4.3 cents per gallon in the last week, averaging $3.33 per gallon Monday. The national average is down 17.6 cents per gallon from a month ago and stands 26.3 cents per gallon lower 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:
February 27, 2022: $3.54 per gallon (U.S. average: $3.59 per gallon)
February 27, 2021: $2.54 per gallon (U.S. average: $2.72 per gallon)
February 27, 2020: $2.27 per gallon (U.S. average: $2.44 per gallon)
February 27, 2019: $2.29 per gallon (U.S. average: $2.42 per gallon)
February 27, 2018: $2.38 per gallon (U.S. average: $2.53 per gallon)
February 27, 2017: $2.19 per gallon (U.S. average: $2.29 per gallon)
February 27, 2016: $1.69 per gallon (U.S. average: $1.74 per gallon)
February 27, 2015: $2.28 per gallon (U.S. average: $2.37 per gallon)
February 27, 2014: $3.35 per gallon (U.S. average: $3.43 per gallon)
February 27, 2013: $3.78 per gallon (U.S. average: $3.79 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.03 per gallon, down 7.9 cents per gallon from last week’s $3.11 per gallon.
Charlotte – $3.10 per gallon, down 2.4 cents per gallon from last week’s $3.12 per gallon.
Greensboro – $3.16 per gallon, down 7.7 cents per gallon from last week’s $3.24 per gallon.

“The national average has resumed its decline after a pause last week as oil and wholesale gasoline prices fell on worrisome inflation figures showing the Fed likely to ramp up rates to slow inflation,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Some nine out of 10 states saw declines over the last week, so the drops are showing up for most across the country, with the exception of the West Coast as the transition to summer blends continues, and in the Great Lakes, where prices cycled last week but have now resumed declining. For the weeks ahead, tradition tells us to expect prices to move up eventually, but that could be at least be partially offset by inflationary data that continues to be hotter than expected, leading to anxiety that the Fed will boost interest rates and cooling the economy and oil demand considerably.”

GasBuddy data is accessible at prices.GasBuddy.com.

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