Average NC gas price dips below $3

WILMINGTON, NC (WWAY) — Average gas prices in North Carolina have fallen below $3 a gallon.

Prices dropped 7.4 cents per gallon in the last week, now averaging $2.94 per gallon, according to GasBuddy’s survey of 6,092 stations in North Carolina.

Prices in North Carolina are 8.6 cents per gallon lower than a month ago and stand 7.9 cents per gallon lower than a year ago. 

According to GasBuddy price reports, the cheapest station in North Carolina was priced at $2.58 per gallon Sunday while the most expensive was $3.79 a gallon, a difference of $1.21.

“For the 12th straight week, or three straight months, the national average has continued to decline, now at its lowest level of 2023 heading into the prime of the holiday season as oil prices continue to struggle amidst cooling demand,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With nearly 80,000 gas stations in the U.S. now priced below $3 per gallon, and 23 states also seeing average prices of $2.99 or less, motorists are getting substantial relief at the pump in time for the holidays. The trend is likely to continue in most states this week, while the national average could soon fall below $3.05 per gallon, the lowest since 2021.”