AAA: Pump prices in North Carolina climb
Published 4:12 pm Monday, August 24, 2020
As North Carolina saw a significant jump at the pump making the nation’s top 10 largest weekly changes, South Carolina continues to be a part of the top 10 least expensive markets.
“With two storms threatening the gulf coast region, it’s likely to see a spike in gas prices,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “If platforms and rigs are offline for a long period of time, supply could tighten and prices could very well be impacted.”
On the week, North Carolina’s average increased seven cents, sitting at $2.03. This is five cents more than a month ago and 36 cents cheaper than a year ago. South Carolina’s average increased two cents, sitting at $1.92. This is two cents more than a month ago and 32 cents cheaper than a year ago.
Today’s national average is $2.18, increasing by one cent on the week. That is the same price as a month ago and 41 cents cheaper than a year ago.
This week the market is watching Tropical Storms Marco and Laura. Marco, whose force is decreasing and is expected to be a tropical depression late on Tuesday, is less of a concern. However, Laura is forecasted to move into the southeastern Gulf of Mexico and become a hurricane by early Tuesday.
While gasoline stocks remain at a healthy level, incremental increases are possible if these storms cause damage resulting in long-term impacts to oil rigs, refineries or the fuel supply chain as a whole. AAA will continue to monitor activity and provide related gas price updates.
For updated state and metro prices log on to https://gasprices.aaa.com/. Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.