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Average gasoline prices in North Carolina have fallen 5.1 cents per gallon in the last week, averaging $2.89 per gallon Monday, October 28, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 2.9 cents per gallon lower than a month ago and stand 27.4 cents per gallon lower than a year ago. The national average price of diesel has declined 2.6 cents in the last week and stands at $3.54 per gallon – the lowest level in more than 1,100 days.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.45 per gallon Sunday while the most expensive was $3.84 per gallon, a difference of $1.39 per gallon.

The national average price of gasoline has fallen 5.3 cents per gallon in the last week, averaging $3.07 per gallon Monday. The national average is down 12.9 cents per gallon from a month ago and stands 39.8 cents per gallon lower than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering more than 150,000 gas stations across the country.

Historical gasoline prices in North Carolina and the national average going back 10 years:
October 28, 2023: $3.16 per gallon (U.S. average: $3.47 per gallon)
October 28, 2022: $3.38 per gallon (U.S. average: $3.74 per gallon)
October 28, 2021: $3.24 per gallon (U.S. average: $3.39 per gallon)
October 28, 2020: $1.92 per gallon (U.S. average: $2.14 per gallon)
October 28, 2019: $2.37 per gallon (U.S. average: $2.60 per gallon)
October 28, 2018: $2.66 per gallon (U.S. average: $2.81 per gallon)
October 28, 2017: $2.32 per gallon (U.S. average: $2.46 per gallon)
October 28, 2016: $2.18 per gallon (U.S. average: $2.21 per gallon)
October 28, 2015: $2.07 per gallon (U.S. average: $2.19 per gallon)
October 28, 2014: $2.95 per gallon (U.S. average: $3.02 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.80 per gallon, down 10.1 cents per gallon from last week’s $2.90 per gallon.
Charlotte – $2.92 per gallon, down 6.8 cents per gallon from last week’s $2.99 per gallon.
Greensboro – $2.94 per gallon, down 3.0 cents per gallon from last week’s $2.97 per gallon.

“The national average price of gasoline has continued its decline over the last week as oil prices have sunk due to Israel avoiding attacks on Iran’s oil infrastructure, and seasonal decreases in demand are pushing gasoline lower, as is normal for this time of year. In addition to gasoline prices falling to their lowest level since January, the average price of diesel has now fallen to its lowest level in over three years,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While many Americans may incorrectly credit the upcoming election for the declines, politicians have little influence over the strong seasonal forces that drive prices lower in autumn. With winter gasoline soon to reach the rest of California, and demand continuing to decline as Americans grapple with colder weather, the drop in demand is pushing gas prices down – not politicians on either side, as much as they might like to think they do. I expect the decline in gas prices will continue into and even beyond the upcoming election.”

GasBuddy data is available at at prices.GasBuddy.com.

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