CHARLOTTE, N.C. (March 13, 2023) – Gas prices in both North and South Carolina are now trending more expensive, as both states averages surged more than 10 cents on the week – but this uptick could be short-lived as demand and the global cost of oil have fallen recently.
“Cheaper oil and fewer people fueling up usually leads to lower prices at the pump,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “However, prices are trending higher because of the switch to summer blend gasoline – which can add about five to ten cents per gallon.”
North Carolina’s gas price average is now $3.25, having a 12-cent increase on the week. This is the same as a month ago but 93 cents less than a year ago. South Carolina’s gas price average is now $3.18, also having a 12-cent increase on the week. This is 9 cents more than a month ago but 89 cents less than a year ago.
The national average for a gallon of regular gasoline increased nearly a dime since last week to $3.46 – this is 3 cents more than a month ago but 79 cents less than a year ago.
According to new data from the Energy Information Administration (EIA), gas demand declined from last week, while total domestic gasoline stocks decreased. Although gas demand has declined, fluctuating oil prices have increased pump prices amid tighter supply.
For updated state and metro prices log on to https://gasprices.aaa.com/