Business

Charlotte-area gas prices fall by 3 cents over the week

A driver waits on the side of the highway before leaving to drive on the new portion of I-485 that opened in June.
A driver waits on the side of the highway before leaving to drive on the new portion of I-485 that opened in June. ddeaton@charlotteobserver.com

Charlotte-area drivers continue saving money at the gas pump as prices locally and nationally decline. On average, Charlotte drivers are paying 84 cents less per gallon of unleaded than they did at this time last year.

Over the week, gas prices declined by 3 cents a gallon in the Charlotte region, which includes Rock Hill, according to auto group AAA. Nationally, prices dropped 5 cents a gallon. In South Carolina, which has the cheapest gas in the U.S., prices fell 5 cents.

AAA said in a report this week that regional fuel prices could remain volatile because of fluctuations in supply and demand, although scheduled oil refinery maintenance is well underway.

Still, AAA said, barring any unforeseen disruptions, “market fundamentals continue to suggest that the national average could fall below the $2 per gallon benchmark before the end of the year for the first time since 2009.”

Here are the gas prices in the Charlotte region and beyond. AAA surveys 120,000 stations nationwide to determine average prices.

Charlotte

North Carolina

South Carolina

National

Current

$2.06

$2.08

$1.89

$2.20

Week ago

$2.09

$2.12

$1.94

$2.25

Year ago

$2.90

$2.96

$2.79

$3.04

Katherine Peralta: 704-358-5079, @katieperalta

This story was originally published October 27, 2015 at 7:09 AM with the headline "Charlotte-area gas prices fall by 3 cents over the week."

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