Business

Charlotte-area gas prices drop 8 cents over the week


Gas prices locally and nationally continued their decline over the last week as supply outpaces demand.
Gas prices locally and nationally continued their decline over the last week as supply outpaces demand. mhames@charlotteobserver.com

Gas prices locally and nationally continued their decline over the last week as supply outpaces demand. Average gas prices in the Charlotte region, which includes Rock Hill and Gastonia, fell 8 cents on average over the week, according to auto group AAA.

As of early Tuesday, Charlotte-area drivers pay an average of $1.06 less for a gallon of unleaded gas than they did a year ago, while drivers nationwide pay 98 cents less on average, said AAA, which surveys 120,000 stations across the U.S. to determine average costs.

Motorists nationwide are on track to pay the lowest Labor Day gas prices in 11 years thanks to the continued low global oil prices, AAA said in a report – welcome news to anyone planning to travel by car over the holiday weekend.

Below are the current local and national prices for a gallon of unleaded gas. Once again, South Carolina has the cheapest gas in the U.S.

Charlotte

North Carolina

South Carolina

National

Current

$2.26

$2.24

$2.02

$2.46

Week ago

$2.34

$2.32

$2.11

$2.58

Year ago

$3.32

$3.34

$3.17

$3.44

Katherine Peralta: 704-358-5079, @katieperalta

This story was originally published September 1, 2015 at 7:01 AM with the headline "Charlotte-area gas prices drop 8 cents over the week."

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