Gas prices in the Charlotte area and statewide remain below the national average and continue to drop even as the weather warms and demand picks up.
As of early Tuesday, a gallon of unleaded gas in Charlotte costs $2.289 on average, which is down from $2.310 a week ago, according to auto group AAA. Gas in North Carolina is $2.289 a gallon, down from $2.323 a week ago. And nationwide, gas is $2.419 a gallon on average, compared with $2.415 a week ago.
South Carolina has the cheapest gas in the U.S. at $2.105 a gallon and at $3.27 a gallon, California has the priciest on average.
The price of domestic oil fell to a six-year low this past week, putting downward pressure on gas prices and offsetting the potential price gains from higher demand, refinery maintenance and the transition to the pricier summer-blend gasoline, AAA said in a report Monday.
The majority of drivers nationwide are paying a little more for gas now compared with a month ago, though as is the case nationwide, Charlotte drivers are currently paying more than $1.10 less for a gallon of gas compared with this time last year.
Global crude oil prices keep dropping amid reports of growing supply and the appreciation of the U.S. dollar, AAA said. A nuclear deal between the West and Iran could also bring more oil to the global market.