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AAA: Gas prices at a seven-year high in North Carolina and South Carolina

Carolina gas prices spiked last week, making Sunday’s state averages for both states (North Carolina, $3.06 and South Carolina, $3.01) the highest daily average since October 2014.
Published: Oct. 11, 2021 at 2:09 PM EDT
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CHARLOTTE, N.C. (WBTV) - According to AAA, drivers in the Carolinas are feeling the pressure at the pump this week as the ongoing effects from the pandemic and the price of crude oil continue to skyrocket gas prices.

Crude oil prices surged 5 percent last week with concerns that an already tight global fuel market could get even tighter this winter – and gas prices are being taken along for the ride.

Carolina gas prices spiked last week, making Sunday’s state averages for both states (North Carolina, $3.06 and South Carolina, $3.01) the highest daily average since October 2014.

“A major factor for the recent increase in gas prices is crude oil,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “It typically accounts for 50 to 60 percent of the price at the pump and last week’s decision by OPEC to not increase production only further exacerbated the upward movement for crude oil prices.”

Right now, North Carolina’s gas price average currently sits at $3.06, seeing a five-cent increase on the week. This average is 11 cents more than a month ago and $1.02 more than last year.

South Carolina’s gas price average currently sits at $3.02, seeing an 11-cent increase on the week. This average is 12 cents more than a month ago and $1.08 more than last year.

South Carolina is also part of the nation’s top 10 largest weekly increases.

The national gas price average rose 8 cents on the week to reach $3.27, also the highest price since October 2014. This average is 10 cents more than a month ago, $1.09 more than a year ago, and 63 cents more than pre-pandemic in 2019.

For updated state and metro prices log on to https://gasprices.aaa.com

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