Gas prices on the rise, could be $4 by Memorial Day weekend
The average gas price in North Carolina on Tuesday is $3.13 a gallon, nearly 10 cents higher than a week ago.
Posted — UpdatedThe average gas price in North Carolina on Tuesday is $3.13 a gallon, nearly 10 cents higher than a week ago.
It’s a substantial jump from the prices we saw around New Year’s Day. Just 10 days ago, the average price in the state was under $3, and Gas Buddy predicts we won’t see gas prices that low for the rest of the year.
The experts believe gas could be $4 per gallon by Memorial Day weekend.
According to Gas Buddy expert Patrick De Haan, China's reopening has pushed oil prices up and refineries are still dealing with the effects from the arctic blast that hit in December.
Haan is hopeful 2023 will not set any new records but says it will be uncomfortable on the wallet.
"Average gas prices on a normal year have gone up anywhere from 35 to 85 cents a gallon, so there may be a small window of time that prices may go down a little bit," Haan said. "But by late February, we should be in a pretty notable upward trend that could last through Memorial Day as we switch to more expensive summer blends of gasoline and as refineries do maintenance and of the summer driving season."
According to AAA, drivers on average will pay $3.18 in Raleigh and $3.21 in the Durham-Chapel Hill area.
In Fayetteville and Greensboro, gas is a little cheaper, at $3.14 per gallon.
Related Topics
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
