Charlotte, N.C. (November 28, 2022) – Gas prices in the Carolinas are continuing to trend cheaper, even after the Thanksgiving holiday, as both North and South Carolina have had the steepest weekly decline since early August.
“The cost of oil has edged lower, which plays a major role in the decline of prices at the pump,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “This will likely continue for a little bit longer so that’s a plus for motorists during this holiday season.”
North Carolina’s current gas price average is now $3.24, having an eight-cent decline on the week. This is 17 cents less than a month ago and five cents more than a year ago. South Carolina’s current gas price average is now $3.13, having a nine-cent decline on the week. This is 15 cents less than a month ago and 4 cents more than a year ago.
Today’s national average of $3.54 is 22 cents less than a month ago and 15 cents more than a year ago.
According to data from the Energy Information Administration (EIA), gas demand fell again last week, while total domestic gasoline stocks rose. Increasing supply and fewer drivers fueling up have pushed pump prices lower. As demand remains low and stocks grow, drivers will likely see pump prices keep falling.
For updated state and metro prices log on to https://gasprices.aaa.com/
About AAA – The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 13 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 62 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the AAA Mobile app, visit AAA.com, and follow us on Facebook, Twitter and LinkedIn.