Business

Charlotte-area gas prices fall 2 cents over the week

An accident between Remount Road and the John Belk Freeway has traffic crawling along Interstate 77 northbound, Thursday, Aug. 21, 2014.
An accident between Remount Road and the John Belk Freeway has traffic crawling along Interstate 77 northbound, Thursday, Aug. 21, 2014. dhinshaw@charlotteobserver.com

Charlotte-area gas prices declined slightly over the week thanks to ample inventories of gasoline nationwide.

As of early Tuesday, the average price of a gallon of unleaded gas in the Charlotte area fell 2 cents over the week, according to auto group AAA. Pump prices in both North Carolina and South Carolina dropped by a penny, and nationwide, they inched up about one cent.

Gas prices throughout the U.S. are likely going to keep fluctuating as summer-blend gasoline makes its way to stations, AAA said in a report this week. The gasoline market, AAA said, is poised to be well supplied as the busy summer driving season gets underway, so prices should remain relatively steady.

Fuel costs have remained fairly steady over the last week, moving up or down by 3 cents in 45 states and Washington, D.C., AAA said.

Below are the average gas prices in the Charlotte area, which includes Rock Hill and Gastonia, in the Carolinas and nationwide. AAA surveys 120,000 stations nationwide to determine average prices.

Charlotte

North Carolina

South Carolina

U.S.

Current

$1.95

$1.96

$1.84

$2.06

Week ago

$1.97

$1.97

$1.85

$2.05

Year ago

$2.26

$2.25

$2.10

$2.39

Katherine Peralta: 704-358-5079, @katieperalta

This story was originally published April 12, 2016 at 7:13 AM with the headline "Charlotte-area gas prices fall 2 cents over the week."

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