Average North Carolina gas prices now just below $3 per gallon

Published 12:20 pm Monday, February 5, 2024

Average gasoline prices in North Carolina have risen 8.2 cents per gallon in the last week, averaging $2.99 per gallon Monday, February 5, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 6.3 cents per gallon higher than a month ago and stand 28.6 cents per gallon lower than a year ago. The national average price of diesel has risen 3.0 cents in the last week and stands at $3.92 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.65 per gallon Sunday while the most expensive was $3.79 per gallon, a difference of $1.14 per gallon. The lowest price in the state yesterday was $2.65 per gallon while the highest was $3.79 per gallon, a difference of $1.14 per gallon.

The national average price of gasoline has risen 4.3 cents per gallon in the last week, averaging $3.12 per gallon Monday. The national average is up 4.0 cents per gallon from a month ago and stands 32.5 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:
February 5, 2023: $3.28 per gallon (U.S. average: $3.44 per gallon)
February 5, 2022: $3.20 per gallon (U.S. average: $3.43 per gallon)
February 5, 2021: $2.27 per gallon (U.S. average: $2.46 per gallon)
February 5, 2020: $2.24 per gallon (U.S. average: $2.46 per gallon)
February 5, 2019: $2.14 per gallon (U.S. average: $2.29 per gallon)
February 5, 2018: $2.48 per gallon (U.S. average: $2.60 per gallon)
February 5, 2017: $2.19 per gallon (U.S. average: $2.26 per gallon)
February 5, 2016: $1.76 per gallon (U.S. average: $1.76 per gallon)
February 5, 2015: $2.10 per gallon (U.S. average: $2.15 per gallon)
February 5, 2014: $3.27 per gallon (U.S. average: $3.26 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.96 per gallon, up 6.0 cents per gallon from last week’s $2.90 per gallon.
Charlotte – $3.00 per gallon, up 6.1 cents per gallon from last week’s $2.94 per gallon.
Greensboro – $2.99 per gallon, up 12.2 cents per gallon from last week’s $2.87 per gallon.

“A majority of states again saw average gasoline prices rise over the last week, pushed slightly higher by oil prices that had risen to multi-month highs. While most states saw price increases, they were somewhat tame, though the trend will likely begin to accelerate towards the end of the month. For now, the most common gas price in the U.S. remains $2.99 per gallon, but its days are numbered,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While Southern California is already beginning the transition to summer gasoline, and with it, higher prices, we could see a brief ‘clearance sale’ on remaining winter gasoline in some pockets of interior states as refiners start to move these time-sensitive barrels out of the system. Motorists shouldn’t be fooled into thinking any drop in prices is a long-term trend, but rather a very short term one. I expect any modest and temporary drops in prices will be replaced by pricier gasoline as we get closer to the start of spring.”

GasBuddy data is accessible at prices.GasBuddy.com.

READ ABOUT MORE NEWS HERE.

SUBSCRIBE TO THE COASTLAND TIMES TODAY!