Thursday - August 06, 2020
Gas Prices Show Jump
Written by Staff   
Monday, 04 March 2019 16:50

CHARLOTTE -- The national gas price average has increased nearly 20-cents since the beginning of the year, which is the largest jump during the January-February timeframe since 2015. North Carolina’s $2.30 average is 16 cents higher than January 1st. It is also 16 cents higher than this time last month – meaning most of the spike happened in February of this year. South Carolina’s $2.18 average is 25 cents higher than it was on January 1st. It is up three cents on the week and 21 cents on the month.

The sharp increase during the month of February was mostly due to refineries undergoing planned and unplanned maintenance and an increase in crude oil prices.

“Pump prices have been pushed higher this week due to reduced gasoline stock levels and increased demand,” said Tiffany Wright, AAA Carolinas spokesperson. “Motorists can expect gas prices to continue to increase as refineries gear up for spring gasoline production and maintenance season

 
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