According to a GasBuddy survey of 6,092 North Carolina gas stations, average gasoline prices have fallen 4.8 cents per gallon over the past week, averaging $3.17 per gallon as of Monday, August 19, 2024. North Carolina prices are 18.1 cents per gallon lower than a month ago and 38.4 cents per gallon lower than a year ago. The national average price of diesel has fallen 2.6 cents over the past week, at $3.69 per gallon, the lowest in 940 days.

According to GasBuddy’s price reports, the cheapest gas station in North Carolina on Sunday cost $2.76 per gallon, while the most expensive cost $3.90 per gallon – a difference of $1.14 per gallon.

The national average price of gasoline fell 4.2 cents per gallon last week, averaging $3.37 per gallon. The national average is down 11.4 cents per gallon from a month ago, and is 47.8 cents per gallon lower than a year ago, according to data from GasBuddy, compiled from more than 11 million weekly price reports from over 150,000 gas stations across the country.

Historical gasoline prices in North Carolina and the national average for the last 10 years:
August 19, 2023: $3.56 per gallon (US average: $3.84 per gallon)
August 19, 2022: $3.58 per gallon (US average: $3.89 per gallon)
August 19, 2021: $2.89 per gallon (US average: $3.16 per gallon)
August 19, 2020: $1.95 per gallon (US average: $2.17 per gallon)
August 19, 2019: $2.41 per gallon (US average: $2.60 per gallon)
August 19, 2018: $2.66 per gallon (US average: $2.82 per gallon)
August 19, 2017: $2.19 per gallon (US average: $2.32 per gallon)
August 19, 2016: $2.00 per gallon (US average: $2.15 per gallon)
August 19, 2015: $2.36 per gallon (US average: $2.66 per gallon)
August 19, 2014: $3.35 per gallon (US average: $3.44 per gallon)

Selected areas in the state and their current gas prices:
Fayetteville – $3.16 per gallon, down 3.9 cents from the previous week’s $3.20 per gallon.
Charlotte – $3.21 per gallon, unchanged from $3.21 per gallon last week.
Greensboro – $3.13 per gallon, down 7.9 cents from the previous week’s $3.21 per gallon.

“Gasoline and diesel prices continue to fall across much of the country as summer demand wanes. Lower demand in other oil-consuming countries is also adding to the downward pressure on pump prices as we approach Labor Day,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With little new action in the Middle East to drive up prices and Hurricane Ernesto still far out at sea, it looks like the downward trend could continue in the coming week. As more schools reopen, gasoline demand is likely to continue to wane. With the switch to winter gasoline beginning in most parts of the country in less than a month, gasoline prices will soon begin their seasonal cooldown – just as temperatures will soon.”

GasBuddy is available from Prices.GasBuddy.com.

FIND OUT MORE NEWS HERE.

SUBSCRIBE TO THE COASTLAND TIMES TODAY!