Business

Charlotte area gas prices fall 6 cents from last week


Traffic backs up on I-485 just before 5 p.m. on January 14 in this photo take from a bridge under construction on North Community House Road overlooking the beltline between Johnston Road and Rea Road in Charlotte.
Traffic backs up on I-485 just before 5 p.m. on January 14 in this photo take from a bridge under construction on North Community House Road overlooking the beltline between Johnston Road and Rea Road in Charlotte. mhames@charlotteobserver.com

Gas prices in the Charlotte region and beyond fell again last week as crude oil prices continued their decline. In Charlotte, the average price for a gallon of unleaded gas fell 6 cents to $2.34.

Drivers in both North Carolina and South Carolina are paying an average of $1.03 per gallon less now than they were a year ago, according to auto group AAA, which surveys 120,000 stations across the U.S. to determine average costs.

AAA said in a report this week that prices across the U.S. remain low despite an outage at a BP refinery in Whiting, Ind.

Current gas prices nationwide are the cheapest late August prices since 2004, AAA added. Prices should keep dropping this fall because of declining demand (Americans drive less in cooler weather) and the transition to winter-blend gas (which is cheaper).

Below are AAA’s current local and national gas prices. South Carolina motorists continue to enjoy the cheapest gas prices in the country.

Charlotte

North Carolina

South Carolina

National

Current

$2.34

$2.32

$2.11

$2.58

Week ago

$2.40

$2.37

$2.18

$2.66

Year ago

$3.32

$3.35

$3.14

$3.44

Katherine Peralta: 704-358-5079, @katieperalta

This story was originally published August 25, 2015 at 7:21 AM with the headline "Charlotte area gas prices fall 6 cents from last week."

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