Survey: Charlotte gas prices go up 9.6 cents in past week

Gas station price sign increasing

Survey: Charlotte gas prices go up 9.6 cents in past week

CHARLOTTE, N.C. (HERE News) – Average gas prices in Charlotte have risen 9.6 cents per gallon in the last week, according to a GasBuddy survey.

Gas Prices in Charlotte

The survey of 665 gas stations in Charlotte found the average per price per gallon currently stands at $3.34. Prices in Charlotte are 10.4 cents per gallon higher than a month ago and stand 12.3 cents per gallon lower than a year ago.

National Average

The national average price of diesel has increased 3.1 cents in the last week and stands at $4.02 per gallon. The national average price of gas has risen 6.5 cents per gallon in the last week, averaging $3.57 per gallon.

Gas Price Discrepancy

According to GasBuddy price reports, the cheapest station in Charlotte was priced at $3.07 per gallon Sunday while the most expensive was $3.63 per gallon, a difference of 56 cents per gallon. The lowest price in the state Sunday was $2.78 per gallon, while the highest was $3.90 per gallon, a difference of $1.12 per gallon.

Reasons for Price Increase

“After a brief break, gas prices have leapt back up, driven by extensive refinery maintenance on the West Coast, where prices have increased notably; only a handful of states have seen prices decline over the last week,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

“With oil prices rising to nearly $87 per barrel last week, their highest since October, we are not only facing the seasonal factors that push prices up—refinery maintenance, the switch to summer gasoline, and rising demand—but also escalating crude oil prices as OPEC’s production cuts continue to cause declining global oil inventories, with escalations between Iran and Israel adding to concerns of further destabilization.

Neighboring Areas Gas Prices

Spartanburg: $3.23 per gallon, up 6 cents per gallon from last week’s $3.17 per gallon
North Carolina: $3.28 per gallon, up 4.1 cents per gallon from last week’s $3.24 per gallon
Winston-Salem: $3.25 per gallon, up 4 cents per gallon from last week’s $3.21 per gallon

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