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North Carolina weekly gas price update

North Carolina gas prices have fallen 1.7 cents per gallon in the past week, averaging $1.91 per gallon Monday, August 10, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 11.1 cents per gallon lower than a month ago and stand 57.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $1.67 per gallon Monday while the most expensive is $3.09 per gallon, a difference of $1.42 per gallon.

The national average price of gasoline has fallen 1.1 cents per gallon in the last week, averaging $2.16 per gallon Monday. The national average is down 3.5 cents per gallon from a month ago and stands 47.7 cents per gallon lower than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
August 10, 2019: $2.48 per gallon (U.S. Average: $2.64 per gallon)
August 10, 2018: $2.69 per gallon (U.S. Average: $2.86 per gallon)
August 10, 2017: $2.21 per gallon (U.S. Average: $2.35 per gallon)
August 10, 2016: $1.99 per gallon (U.S. Average: $2.13 per gallon)
August 10, 2015: $2.41 per gallon (U.S. Average: $2.59 per gallon)
August 10, 2014: $3.38 per gallon (U.S. Average: $3.48 per gallon)
August 10, 2013: $3.45 per gallon (U.S. Average: $3.55 per gallon)
August 10, 2012: $3.60 per gallon (U.S. Average: $3.67 per gallon)
August 10, 2011: $3.65 per gallon (U.S. Average: $3.62 per gallon)
August 10, 2010: $2.68 per gallon (U.S. Average: $2.76 per gallon)

Other areas around the state and their current gas prices:
Fayetteville – $1.92 per gallon, down 4.3 cents per gallon from last week’s $1.97 per gallon.
Charlotte – $2.00 per gallon, down 1.1 cents per gallon from last week’s $2.01 per gallon.
Greensboro – $1.89 per gallon, down 2.1 cents per gallon from last week’s $1.91 per gallon.

“Gas prices have remained in very familiar territory for the sixth straight week as gasoline demand fell slightly last week, keeping oil prices confined as forces prevent it from falling under $39 but also from breaching $42 per barrel. However, as summer begins to fade, demand recovery may be limited, and there’s a possibility we may see more downside potential in the last quarter of the year,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Traditionally, gasoline demand weakens into the autumn, and as the coronavirus situation keeps more kids home and more parents from work, we may see a drop in gas prices as we progress through fall. However, since no one can predict when we may rebound from the coronavirus situation, nothing long-term is set in stone, but we are on track for a seventh straight week of stable gas prices.”

GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.

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