Weekly North Carolina gas price update

Published 11:00 am Monday, May 22, 2023

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Average gasoline prices in North Carolina have risen 2.4 cents per gallon in the last week, averaging $3.26 per gallon Monday, May 22, 2023, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 21.2 cents per gallon lower than a month ago and stand 110.4 cents per gallon lower than a year ago. The national average price of diesel has fallen 3.2 cents in the last week and stands at $3.94 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.81 per gallon Sunday while the most expensive was $3.89 per gallon, a difference of $1.08 per gallon.

The national average price of gasoline is unchanged in the last week, averaging $3.51 per gallon Monday. The national average is down 14.7 cents per gallon from a month ago and stands 106.5 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.

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Historical gasoline prices in North Carolina and the national average going back 10 years:
May 22, 2022: $4.36 per gallon (U.S. average: $4.57 per gallon)
May 22, 2021: $2.89 per gallon (U.S. average: $3.03 per gallon)
May 22, 2020: $1.81 per gallon (U.S. average: $1.95 per gallon)
May 22, 2019: $2.60 per gallon (U.S. average: $2.85 per gallon)
May 22, 2018: $2.78 per gallon (U.S. average: $2.95 per gallon)
May 22, 2017: $2.19 per gallon (U.S. average: $2.35 per gallon)
May 22, 2016: $2.20 per gallon (U.S. average: $2.28 per gallon)
May 22, 2015: $2.57 per gallon (U.S. average: $2.74 per gallon)
May 22, 2014: $3.62 per gallon (U.S. average: $3.65 per gallon)
May 22, 2013: $3.43 per gallon (U.S. average: $3.66 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.19 per gallon, up 8.0 cents per gallon from last week’s $3.11 per gallon.
Charlotte – $3.32 per gallon, up 9.6 cents per gallon from last week’s $3.22 per gallon.
Greensboro – $3.21 per gallon, down 2.0 cents per gallon from last week’s $3.23 per gallon.

“In the run up to Memorial Day, the national average price of gas has seen little overall movement over the last week. We’ve seen more states see prices climb than fall, which has been driven by oil’s volatility as debt ceiling discussions are ongoing. I think we’ll see prices rise slightly as we get closer to Memorial Day, especially if there are positive developments in the debt ceiling discussions in D.C., while pessimism could drive prices slightly lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last.”

GasBuddy data is accessible at prices.GasBuddy.com.

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