Weekly North Carolina gas price update

Average gasoline prices in North Carolina have fallen 3.5 cents per gallon in the last week, averaging $3.34 per gallon Monday, May 20, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 2.1 cents per gallon lower than a month ago and stand 7.4 cents per gallon higher than a year ago. The national average price of diesel has fallen 3.3 cents in the last week and stands at $3.86 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.88 per gallon Sunday while the most expensive was $3.99 per gallon, a difference of $1.11 per gallon.

The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $3.55 per gallon Monday. The national average is down 12.0 cents per gallon from a month ago and stands 2.2 cents per gallon higher 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:
May 20, 2023: $3.26 per gallon (U.S. average: $3.53 per gallon)
May 20, 2022: $4.37 per gallon (U.S. average: $4.60 per gallon)
May 20, 2021: $2.90 per gallon (U.S. average: $3.04 per gallon)
May 20, 2020: $1.79 per gallon (U.S. average: $1.92 per gallon)
May 20, 2019: $2.61 per gallon (U.S. average: $2.84 per gallon)
May 20, 2018: $2.76 per gallon (U.S. average: $2.92 per gallon)
May 20, 2017: $2.19 per gallon (U.S. average: $2.35 per gallon)
May 20, 2016: $2.19 per gallon (U.S. average: $2.28 per gallon)
May 20, 2015: $2.56 per gallon (U.S. average: $2.73 per gallon)
May 20, 2014: $3.62 per gallon (U.S. average: $3.64 per gallon)

“The news continues to be good for motorists ahead of Memorial Day, with gasoline prices again falling, making it four straight weeks of declines for the national average as we get closer to the start of the summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The good news doesn’t necessarily end there, either. GasBuddy’s Summer Travel Forecast … will also give motorists mostly good news for the rest of the summer, predicting that gas prices over the next few months will stay far under record levels and should continue trending lower as we get closer to July 4. While the Middle East, hurricane season, refinery maintenance and any other unexpected disruptions or weather remain wildcards, this summer is shaping up to be mostly favorable for drivers hitting the road.”

GasBuddy data is accessible at prices.GasBuddy.com .

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