Good news, Iredell County — gas prices are dropping across the state. Still, it’s not all good news.
The North Carolina gas prices have fallen 4.8 cents per gallon in the past week, averaging $2.32 per gallon as of Monday, according to GasBuddy’s daily survey of 6,092 stations. Gas prices in North Carolina are 12.7 cents per gallon lower than a month ago but stand 16.0 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.07 per gallon Monday while the most expensive was $3.29 per gallon, a difference of $1.22 per gallon. The lowest price in the state on Monday was $2.07 per gallon while the highest was $3.29, a difference of $1.22 per gallon. The cheapest price in the entire country on Monday was $1.87 per gallon, though GasBuddy did not disclose where that was.
So where does this match up against gas prices in recent years? Here is a look at some state averages over the last 10 years:
» Jan. 27, 2019: $2.16 per gallon;
» Jan. 27, 2018: $2.45/g
» Jan. 27, 2017: $2.19/g
» Jan. 27, 2016: $1.81/g
» Jan. 27, 2015: $2.07/g
» Jan. 27, 2014: $3.29/g
» Jan. 27, 2013: $3.37/g
» Jan. 27, 2012: $3.47/g
» Jan. 27, 2011: $3.06/g
» Jan. 27, 2010: $2.69/g
“Worry has gripped oil markets, sending the commodity plunging in value in recent weeks with downdrafts in gas prices starting to accelerate with motorists continuing to be the beneficiaries,” Patrick DeHaan, head of petroleum analysis for GasBuddy, stated in a news release. “With oil prices now nearly $6 per barrel lower than a week ago and nearing their lowest level since October, there’s plenty more room for the decline in gas prices to be extended again.
“While the national average could fall into the $2.30’s before all is said and done, the downward move likely won’t last much more than a few more weeks. For now, my advice to motorists is don’t be in a rush to fill- nearly every station nationwide will be cutting their prices in the days ahead- but shop around if you do need to fill up and patronize the stations with the lowest prices.”