Business
Paying more at the pump: Gas demand hits all-time high for March
Drivers are paying between 26 and 30 cents more per gallon for gas than they did this time last year throughout the Carolinas, according to AAA Carolinas.
Posted — Updated
By Natalie Matthews, WRAL.com editor
Drivers are paying between 26 and 30 cents more per gallon for gas than they did this time last year throughout the Carolinas, according to AAA Carolinas.
In North Carolina, the average price of $2.43 is five cents more than a week ago and 26 cents higher than this time last year.
In South Carolina, the average is $2.30, five cents more than a week ago and 29 cents more than last year.
Consumer gasoline demand is at the highest level on record for March, according to the Energy Information Administration’s latest report.
“As demand has strengthened, gasoline inventories have declined, which has pushed gas price averages anywhere between five and seven cents higher on the week,” said Tiffany Wright, a AAA Carolinas spokeswoman. “Not only are motorists seeing higher prices at the pump this week, but we expect those prices to inch even higher as we head into April.”
Tuesday’s national gas price average of $2.55 is three cents more than a week ago and 26 cents higher than this time last year.
Related Topics
• Credits
Copyright 2024 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
