Charlotte, N.C. (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 a total of 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 a total of 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/
About AAA – The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 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 60 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.