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Weekly North Carolina gas update: Prices have gone up

North Carolina gas prices have risen 5.7 cents per gallon in the past week, averaging $2.71 per gallon Monday, May 10, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 10 cents per gallon higher than a month ago and stand $1.07 per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in North Carolina is priced at $2.43 per gallon Monday while the most expensive is $3.18 per gallon, a difference of 75 cents per gallon.

The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $2.95 per gallon Monday. The national average is up 10 cents per gallon from a month ago and stands $1.12 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
May 10, 2020: $1.65 per gallon (U.S. Average: $1.83 per gallon)
May 10, 2019: $2.66 per gallon (U.S. Average: $2.86 per gallon)
May 10, 2018: $2.70 per gallon (U.S. Average: $2.86 per gallon)
May 10, 2017: $2.20 per gallon (U.S. Average: $2.33 per gallon)
May 10, 2016: $2.14 per gallon (U.S. Average: $2.20 per gallon)
May 10, 2015: $2.49 per gallon (U.S. Average: $2.66 per gallon)
May 10, 2014: $3.63 per gallon (U.S. Average: $3.66 per gallon)
May 10, 2013: $3.43 per gallon (U.S. Average: $3.56 per gallon)
May 10, 2012: $3.67 per gallon (U.S. Average: $3.73 per gallon)
May 10, 2011: $3.85 per gallon (U.S. Average: $3.95 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.72 per gallon, up 5.4 cents per gallon from last week’s $2.66 per gallon.
Charlotte – $2.70 per gallon, up 6.5 cents per gallon from last week’s $2.63 per gallon.
Greensboro – $2.72 per gallon, up 7.4 cents per gallon from last week’s $2.64 per gallon.

“While average gas prices jumped last week as the nation continues to see COVID-19 recovery, all eyes are now on the Colonial Pipeline and the fact a cyberattack has completely shut all lines, leading to what could become a major challenge for fuel delivery,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

“The situation is growing more intense each day that passes without the pipeline restarting, and motorists are advised to show extreme restraint or exacerbate and prolong the challenges,” De Haan continued. “If the pipeline returns to service in the next day or two, the challenges will be minimal, but if full restart doesn’t happen by then, we’re likely to see a slight rise in gas prices, but more importantly, challenges for motorists needing fuel in Georgia, Tennessee, the Carolinas, Virginia, Northern Florida and surrounding areas. I’m hopeful the situation will quickly improve as multiple levels of government are involved, [but] this may become a nightmare should it continue just ahead of the start of the summer driving season. GasBuddy will continue to watch the situation and update as necessary.”

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

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