North Carolina gas prices see slight increase

Published 8:07 am Wednesday, May 31, 2023

Getting your Trinity Audio player ready...

Average gasoline prices in North Carolina have risen 1.1 cents per gallon in the last week, averaging $3.27 per gallon Tuesday, May 30, 2023, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 11.6 cents per gallon lower than a month ago and stand 107.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.9 cents in the last week and stands at $3.91 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.99 per gallon Monday while the most expensive was $3.89 per gallon, a difference of 90.0 cents per gallon.

The national average price of gasoline has risen 2.7 cents per gallon in the last week, averaging $3.55 per gallon Tuesday. The national average is down 3.2 cents per gallon from a month ago and stands 105.5 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.

Get the latest headlines sent to you

Historical gasoline prices in North Carolina and the national average going back 10 years:
May 30, 2022: $4.34 per gallon (U.S. average: $4.60 per gallon)
May 30, 2021: $2.86 per gallon (U.S. average: $3.04 per gallon)
May 30, 2020: $1.81 per gallon (U.S. average: $1.97 per gallon)
May 30, 2019: $2.57 per gallon (U.S. average: $2.83 per gallon)
May 30, 2018: $2.79 per gallon (U.S. average: $2.96 per gallon)
May 30, 2017: $2.20 per gallon (U.S. average: $2.37 per gallon)
May 30, 2016: $2.23 per gallon (U.S. average: $2.32 per gallon)
May 30, 2015: $2.60 per gallon (U.S. average: $2.73 per gallon)
May 30, 2014: $3.61 per gallon (U.S. average: $3.67 per gallon)
May 30, 2013: $3.40 per gallon (U.S. average: $3.61 per gallon)

“Gasoline prices have drifted higher in the last week due to some relatively minor refinery kinks and low gasoline supply, but it may not be a trend that lasts too much longer,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “As we unofficially start the summer driving season, the national average is likely to spend much of the summer in the range of $3.35-$3.85 per gallon, though it could go higher if unexpected refinery outages flare up, or we see a major hurricane or economic development. While gasoline prices have inched up slightly, we’re still faring much better than we did last year, when the national average started to soar after Memorial Day on its way up to the $5 per gallon mark. In addition, gas prices may temporarily rally if there’s a debt ceiling deal that passes through Congress in the weeks ahead, based on the optimism that such a deal could avert a major recession, keeping oil demand stronger this summer.”

GasBuddy data is accessible at prices.GasBuddy.com.

READ ABOUT MORE NEWS HERE.

SUBSCRIBE TO THE COASTLAND TIMES TODAY!