Charlotte gas prices fall more than 9 cents over past week

In North Carolina, the average price of a gallon of gas was $3.11, down 10.3 cents from last week’s $3.22 a gallon, according to GasBuddy.
Charlotte saw another drop in gas prices over the past week.
Charlotte saw another drop in gas prices over the past week.(WSFA 12 News)
Published: Dec. 5, 2022 at 5:49 AM EST|Updated: Dec. 5, 2022 at 5:50 AM EST
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CHARLOTTE, N.C. (WBTV) – The average price of a gallon of regular gas in Charlotte fell 9.4 cents over the previous week, sitting at $3.14 as of Monday, officials said.

That’s according to GasBuddy’s daily survey of 665 stations.

The price is 14 cents lower than the previous nine-year high of $3.28 a gallon on Dec. 5, 2013.

Gas prices in Charlotte are 22.9 cents per gallon lower than a month ago and stand at 2.2 cents per gallon higher than a year ago, GasBuddy analysts said. The cheapest station in the city is $2.82 per gallon as of Dec. 4 while the most expensive is $4.69 a gallon, a difference of $1.87 per gallon.

Check out the Charlotte area’s lowest gas prices here.

In North Carolina, the average price of a gallon of gas was $3.11, down 10.3 cents from last week’s $3.22 a gallon, according to GasBuddy.

The price of diesel has dropped 13.6 cents nationally in the past week and stands at $5.06 per gallon, analysts said. The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $3.36 a gallon as of Monday, according to GasBuddy.

“For the first time in 670 days, the national average price of gasoline has fallen below its year-ago level, dropping for the fourth straight week to its lowest level since January,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Every state has again seen average gasoline prices drop in the last week, and it remains very possible the national average could fall under $3 per gallon by Christmas. There has also been a drop in diesel prices, which this week will fall back under $5 per gallon, and could soon thereafter fall to their lowest level since March. However, despite all the good news about fuel prices, there may be some concerns coming as the price cap on Russian oil kicks in. Retaliation is possible, and while OPEC+ upheld production cuts from last month, they could always cut more production. For now, however, we’ll likely see another week of declines at the pump in nearly all areas.”

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