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Charlotte-area gas prices fall by 1 cent over the week

Congested traffic along South Church Street in uptown Charlotte on October 9.
Congested traffic along South Church Street in uptown Charlotte on October 9. dhinshaw@charlotteobserver.com

The price of gas in the Charlotte region held relatively steady over the week, falling a penny to $2.05 on average for a gallon of unleaded.

Prices in North Carolina and nationwide also held stable over the week, slowing the price drops that have occurred over the past month. Still, the national average price of gas is the lowest for this time of year since 2004.

Motorists in nine states now pay an average gas price of less than $2 a gallon, and South Carolina still has the cheapest, according to auto group AAA, which surveys 120,000 stations nationwide to determine average prices.

AAA said in a report that unplanned oil refinery maintenance and unplanned outages have caused gas prices in some Midwest states to jump, and future outages could put upward pressure on the national average price.

Still, given the high supply of oil, gas prices could fall even lower by the holidays, and “perhaps a dozen more states will see price averages drop under the $2 level by Christmas,” Patrick DeHaan, senior petroleum analyst for GasBuddy, said in a separate report Monday.

Here are the average gas prices in the Charlotte area, which includes Gastonia and Rock Hill, and nationwide as of early Tuesday, according to AAA.

Charlotte

North Carolina

South Carolina

National

Current

$2.05

$2.08

$1.88

$2.19

Week ago

$2.06

$2.08

$1.89

$2.20

Year ago

$2.84

$2.90

$2.72

$2.98

Katherine Peralta: 704-358-5079, @katieperalta

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