Weekly North Carolina gas price update

Average gasoline prices in North Carolina have fallen 4.7 cents per gallon in the last week, averaging $3.27 per gallon Monday, June 4, 2024, according to GasBuddy’s survey of 6,092 stations in North Carolina. Prices in North Carolina are 8.2 cents per gallon lower than a month ago and stand 7.0 cents per gallon lower than a year ago. The national average price of diesel has fallen 1.8 cents in the last week and stands at $3.82 per gallon.

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.82 per gallon Sunday while the most expensive was $3.99 per gallon, a difference of $1.17 per gallon. The lowest price in the state yesterday was $2.82 per gallon while the highest was $3.99 per gallon, a difference of $1.17 per gallon.

The national average price of gasoline has fallen 5.8 cents per gallon in the last week, averaging $3.50 per gallon Monday. The national average is down 15.9 cents per gallon from a month ago and stands 1.9 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:
June 3, 2023: $3.34 per gallon (U.S. average: $3.52 per gallon)
June 3, 2022: $4.48 per gallon (U.S. average: $4.81 per gallon)
June 3, 2021: $2.85 per gallon (U.S. average: $3.04 per gallon)
June 3, 2020: $1.82 per gallon (U.S. average: $1.99 per gallon)
June 3, 2019: $2.55 per gallon (U.S. average: $2.80 per gallon)
June 3, 2018: $2.77 per gallon (U.S. average: $2.94 per gallon)
June 3, 2017: $2.19 per gallon (U.S. average: $2.37 per gallon)
June 3, 2016: $2.26 per gallon (U.S. average: $2.35 per gallon)
June 3, 2015: $2.62 per gallon (U.S. average: $2.76 per gallon)
June 3, 2014: $3.60 per gallon (U.S. average: $3.67 per gallon)

“The calendar has closed on May, and so too has the door closed on rising gas prices, with the national average declining to its lowest level since March. Thankfully, gas prices are unlikely to be moved by OPEC’s meeting and agreement to extend production cuts into 2025, leading the national average to fall below $3.50 in the next week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With GasBuddy data showing gasoline demand plummeting after Memorial Day, and refiners inputting the largest amount of oil into their facilities in years, it’s very likely we’ll continue to see gas prices fall as we approach July 4. Diesel prices also continue to decline to their lowest level in nearly 11 months. The future looks bright for falling fuel prices across the board, though we’ll have to keep our eyes on hurricane season.”

GasBuddy data is accessible at prices.GasBuddy.com .

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