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Average gasoline prices in North Carolina have fallen 0.4 cents per gallon in the last week, averaging $2.88 per gallon Monday, November 4, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 1.1 cents per gallon higher than a month ago and stand 20.9 cents per gallon lower than a year ago. The national average price of diesel has declined 1.3 cents in the last week and stands at $3.52 per gallon – the lowest level since 2021.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.45 per gallon Sunday while the most expensive was $3.79 per gallon, a difference of $1.34 per gallon.

The national average price of gasoline has fallen 2.2 cents per gallon in the last week, averaging $3.05 per gallon Monday. The national average is down 11.8 cents per gallon from a month ago and stands 34.5 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.

Historical gasoline prices in North Carolina and the national average going back 10 years:
November 4, 2023: $3.09 per gallon (U.S. average: $3.40 per gallon)
November 4, 2022: $3.33 per gallon (U.S. average: $3.79 per gallon)
November 4, 2021: $3.23 per gallon (U.S. average: $3.41 per gallon)
November 4, 2020: $1.92 per gallon (U.S. average: $2.11 per gallon)
November 4, 2019: $2.39 per gallon (U.S. average: $2.62 per gallon)
November 4, 2018: $2.62 per gallon (U.S. average: $2.73 per gallon)
November 4, 2017: $2.32 per gallon (U.S. average: $2.52 per gallon)
November 4, 2016: $2.17 per gallon (U.S. average: $2.22 per gallon)
November 4, 2015: $2.10 per gallon (U.S. average: $2.20 per gallon)
November 4, 2014: $2.89 per gallon (U.S. average: $2.96 per gallon)

Selected areas around the state and their current gas prices:
Fayetteville – $2.83 per gallon, up 3.3 cents per gallon from last week’s $2.80 per gallon.
Charlotte – $2.91 per gallon, down 0.5 cents per gallon from last week’s $2.92 per gallon.
Greensboro – $2.93 per gallon, down 1.3 cents per gallon from last week’s $2.94 per gallon.

“Seasonal trends continue to push down gasoline prices across much of the country, with GasBuddy counting 26 states where average gas prices have fallen below $3 per gallon – something that could be less than a week away for the national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While much of the attention this week will be on the election and how it could potentially change the trajectory of the nation, gasoline prices are likely to be a gift to the next president, staying much lower than in previous years when COVID and Russia’s war on Ukraine caused a surge that’s unlikely to repeat, no matter who wins the election. For now, Americans can expect the downward trend to continue in most states, while other states have seen prices jump temporarily due to a behavior we track called price cycling. We should see the number of states with sub-$3-per-gallon prices grow as we get closer to Thanksgiving.”

With little time to go before the U.S. Presidential Election, how are gas prices looking in the major battleground states? GasBuddy has been following very closely; for full coverage of prices and price changes in battleground states, go to gasbuddy.com/go/gas-price-tracker-2024-battleground-states.

GasBuddy data is available at prices.GasBuddy.com.

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