Weekly update on gas prices in North Carolina
Published on Wednesday, August 7, 2024, 18:35
According to GasBuddy’s survey of 6,092 North Carolina gas stations, average gasoline prices have fallen 5.5 cents per gallon over the past week, averaging $3.23 per gallon as of Monday, August 7, 2024. North Carolina prices are 8.7 cents per gallon lower than a month ago and 38.3 cents per gallon lower than a year ago. The national average price for diesel has fallen 2.3 cents over the past week, at $3.76 per gallon.
According to GasBuddy’s price reports, the cheapest gas station in North Carolina on Sunday cost $2.80 per gallon, while the most expensive gas station cost $3.99 per gallon – a difference of $1.19 per gallon.
The national average price of gasoline fell 3.5 cents per gallon over the past week, averaging $3.44 per gallon on Monday. The national average is down 5.6 cents per gallon from a month ago and is 37.2 cents per gallon lower than a year ago, according to data from GasBuddy, compiled from more than 11 million weekly price reports from more than 150,000 gas stations across the country.
Historical gasoline prices in North Carolina and the national average for the last 10 years:
August 5, 2023: $3.61 per gallon (US average: $3.81 per gallon)
August 5, 2022: $3.76 per gallon (US average: $4.06 per gallon)
August 5, 2021: $2.92 per gallon (US average: $3.19 per gallon)
August 5, 2020: $1.92 per gallon (US average: $2.17 per gallon)
August 5, 2019: $2.50 per gallon (US average: $2.70 per gallon)
August 5, 2018: $2.69 per gallon (US average: $2.86 per gallon)
August 5, 2017: $2.19 per gallon (US average: $2.34 per gallon)
August 5, 2016: $1.98 per gallon (US average: $2.12 per gallon)
August 5, 2015: $2.45 per gallon (US average: $2.63 per gallon)
August 5, 2014: $3.41 per gallon (US average: $3.48 per gallon)
“With oil prices falling sharply on fresh concerns about the U.S. economy following a poor jobs report, gasoline prices have fallen in many states. More could join the trend this week as earlier disruptions at refineries in the Great Lakes region ease and the restart process begins,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Diesel prices have also continued to fall, and while Tropical Storm Debby is pelting Florida and the Southeast with rain, it poses little risk to refineries or refined product pipelines, so the storm is not a major concern. With the Middle East on high alert following Israel’s attacks on Hamas and Hezbollah, this could have an impact on oil prices. However, with the outcome impossible to predict, for now I expect gasoline prices to fall slightly in most states in the coming week, with the situation in the Middle East being a wild card.”
For information about GasBuddy, visit Prices.GasBuddy.com.
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