Charlotte, N.C. (January 9, 2023) – The recent surge in prices at the pump caused by frigid weather and robust holiday road travel has continued in the Carolinas, as both states’ averages spiked over the week.
“Gas prices will likely dip again as we head toward February,” said Tiffany Wright, spokesperson, AAA – The Auto Club Group in the Carolinas. “But it’s also likely that the averages we saw heading into the holidays may have been the lows for this winter.”
North Carolina’s current gas price average is now $3.14, having a 13-cent increase over the week. This is 5 cents more than a month ago and 8 cents more than last year. South Carolina’s current gas price average is now $3.01, having a 5-cent increase on the week. This is 3 cents more than last month and the same price as last year.
Today’s national average of $3.28 is three cents less than a month ago and two cents less than a year ago.
According to data from the EIA (Energy Information Administration), gas demand dropped last week, while total domestic gasoline stocks fell. Lower gasoline demand has contributed to limiting increases in pump prices.
A lower dollar helped to push crude prices higher at the end of the week. However, crude prices declined earlier in the week. Crude prices could decline further this week if economic concerns persist.
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.