Weekly gas report: Average North Carolina fuel prices rise

Published 3:09 pm Monday, February 12, 2024

Average gasoline prices in North Carolina have risen 7.8 cents per gallon in the last week, averaging $3.07 per gallon Monday, February 12, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 17.7 cents per gallon higher than a month ago and stand 17.4 cents per gallon lower than a year ago. The national average price of diesel has risen 6.9 cents in the last week and stands at $3.99 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 $4.29 per gallon, a difference of $1.64 per gallon.

The national average price of gasoline has risen 5.2 cents per gallon in the last week, averaging $3.17 per gallon Monday. The national average is up 9.6 cents per gallon from a month ago and stands 20.0 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:
February 12, 2023: $3.24 per gallon (U.S. average: $3.37 per gallon)
February 12, 2022: $3.33 per gallon (U.S. average: $3.48 per gallon)
February 12, 2021: $2.33 per gallon (U.S. average: $2.49 per gallon)
February 12, 2020: $2.20 per gallon (U.S. average: $2.42 per gallon)
February 12, 2019: $2.14 per gallon (U.S. average: $2.28 per gallon)
February 12, 2018: $2.43 per gallon (U.S. average: $2.56 per gallon)
February 12, 2017: $2.17 per gallon (U.S. average: $2.27 per gallon)
February 12, 2016: $1.71 per gallon (U.S. average: $1.70 per gallon)
February 12, 2015: $2.17 per gallon (U.S. average: $2.23 per gallon)
February 12, 2014: $3.29 per gallon (U.S. average: $3.31 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.07 per gallon, up 11.0 cents per gallon from last week’s $2.96 per gallon.
Charlotte – $2.95 per gallon, down 4.7 cents per gallon from last week’s $3.00 per gallon.
Greensboro – $3.11 per gallon, up 11.8 cents per gallon from last week’s $2.99 per gallon.

“We’ve seen the national average price of gasoline inching higher now for three straight weeks, but I’m afraid the worst is yet to come. With several major refinery issues persisting across various regions, the eventual transition to summer gasoline is likely to continue to put upward pressure on prices, with larger weekly increases likely coming in March and April,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While I feel optimistic that the rise in prices will be merely average, the fact that we’ve already seen a few high level refinery problems doesn’t bode well for the spring squeeze, and is a reminder to motorists that without the critical role that refineries play, we could see a bumpy transition to EPA-mandated summer gasoline.”

GasBuddy data is accessible at prices.GasBuddy.com.

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