On the rise: Weekly gas price update for North Carolina

Published 8:31 am Monday, February 19, 2024

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Average gasoline prices in North Carolina have risen 8.0 cents per gallon in the last week, averaging $3.15 per gallon Monday, February 19, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 22.7 cents per gallon higher than a month ago and stand 3.8 cents per gallon lower than a year ago. The national average price of diesel has risen 10 cents in the last week and stands at $4.09 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.59 per gallon Sunday while the most expensive was $3.99 per gallon, a difference of $1.40 per gallon.

The national average price of gasoline has risen 8.7 cents per gallon in the last week, averaging $3.26 per gallon Monday. The national average is up 16.7 cents per gallon from a month ago and stands 11.6 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 19, 2023: $3.19 per gallon (U.S. average: $3.37 per gallon)
February 19, 2022: $3.42 per gallon (U.S. average: $3.53 per gallon)
February 19, 2021: $2.45 per gallon (U.S. average: $2.61 per gallon)
February 19, 2020: $2.27 per gallon (U.S. average: $2.47 per gallon)
February 19, 2019: $2.28 per gallon (U.S. average: $2.36 per gallon)
February 19, 2018: $2.38 per gallon (U.S. average: $2.51 per gallon)
February 19, 2017: $2.19 per gallon (U.S. average: $2.27 per gallon)
February 19, 2016: $1.69 per gallon (U.S. average: $1.72 per gallon)
February 19, 2015: $2.21 per gallon (U.S. average: $2.27 per gallon)
February 19, 2014: $3.33 per gallon (U.S. average: $3.37 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $3.08 per gallon, up 1 cent per gallon from last week’s $3.07 per gallon.
Charlotte – $3.12 per gallon, up 17.1 cents per gallon from last week’s $2.95 per gallon.
Greensboro – $3.20 per gallon, up 8.5 cents per gallon from last week’s $3.11 per gallon.

“Roses are red, violets are blue, Valentine’s is over, and gas prices are going anywhere but lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With Valentine’s Day now behind us, we have officially entered the time of year when gas prices traditionally start their spring fling, but we’ve already seen the streak of consecutive increases in the national average hit four weeks. While the early start could also mean an early end, we still have as many as 8 weeks that gas prices typically increase, and anything can happen between now and then. One of the most critical elements to how much gas prices will climb is how quickly and effectively refiners can finish their pre-summer maintenance, start producing EPA-mandated summer gasoline and build up supply of it before Memorial Day.”

GasBuddy data is accessible at prices.GasBuddy.com.

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