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North Carolina gas prices have fallen 2.4 cents per gallon in the past week, averaging $2.89 per gallon Monday, May 24, according to GasBuddy’s daily survey of 6,092 stations in North Carolina. Gas prices in North Carolina are 28.7 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 $2.59 per gallon Monday while the most expensive is $3.59 per gallon, a difference of 100.0 cents per gallon.

The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.02 per gallon Monday. The national average is up 14.0 cents per gallon from a month ago and stands $1.07 per gallon higher than a year ago.

Historical gasoline prices in North Carolina and the national average going back ten years:
May 24, 2020: $1.81 per gallon (U.S. Average: $1.95 per gallon)
May 24, 2019: $2.58 per gallon (U.S. Average: $2.84 per gallon)
May 24, 2018: $2.80 per gallon (U.S. Average: $2.97 per gallon)
May 24, 2017: $2.20 per gallon (U.S. Average: $2.37 per gallon)
May 24, 2016: $2.21 per gallon (U.S. Average: $2.29 per gallon)
May 24, 2015: $2.58 per gallon (U.S. Average: $2.75 per gallon)
May 24, 2014: $3.62 per gallon (U.S. Average: $3.66 per gallon)
May 24, 2013: $3.42 per gallon (U.S. Average: $3.65 per gallon)
May 24, 2012: $3.52 per gallon (U.S. Average: $3.68 per gallon)
May 24, 2011: $3.74 per gallon (U.S. Average: $3.82 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.88 per gallon, down 3.0 cents per gallon from last week’s $2.91 per gallon.
Charlotte – $2.87 per gallon, down 5.4 cents per gallon from last week’s $2.92 per gallon.
Greensboro – $2.92 per gallon, down 2.5 cents per gallon from last week’s $2.95 per gallon.

“In the lead up to Memorial Day, we haven’t seen gas prices come down much, though with oil’s recent move lower, we should start to see more drops at the pump materialize in the days ahead,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With the Colonial Pipeline situation continuing to improve in Southeastern states, fueling up for the holiday weekend shouldn’t be too challenging, save for a few pockets in GA, NC and SC, where outages remain a bit higher than neighboring states. For those hitting the road, we should see prices inch lower in the coming week through at least Memorial Day, so motorists need not rush to fill their tanks as the drop in oil prices should manifest into lower gas prices as we begin the summer driving season.”

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

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