Local News

Gas prices dropping in North Carolina

Posted February 10, 2020 6:21 a.m. EST
Updated February 10, 2020 7:02 a.m. EST

— Gas prices seem to be dropping across the Triangle.

According to WRAL's GasBuddy Fuel Tracker, gasoline was as cheap as $1.99 and $2.01 at several stations in Holly Springs and Fuquay-Varina early Monday morning. It was as low as $2.21 at the Exxon station at 3505 Kildaire Farm Road in Cary.

The average price for gas in North Carolina is currently $2.24 -- which is down more than 20 cents.

Analysts said the cheaper gas prices are a result of falling crude oil costs. Some even said the coronavirus in China, which is now a global health emergency, could cause the lower gas prices.

The Associated Press reports the average U.S. price of regular-grade gasoline dropped 7 cents per gallon to $2.53 over the past two weeks.

Despite the savings, that price is 19 cents higher than it was a year ago.

The highest average price in the nation for regular-grade gas is $3.54 per gallon in the San Francisco Bay Area.

The lowest average is $2.04 in Baton Rouge, Louisiana.

The average price of diesel is $3, down a nickel.

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