CHARLOTTE — For the second straight week both North and South Carolina are among the nation’s top 10 least expensive markets with gasoline demand plummeting to its lowest level in almost three months, according to a report from the American Automobile Association on Monday (Sept. 14).
The latest Energy Information Administration report measured gasoline demand to be at its lowest since mid-June. As demand dropped for a second week, so did gasoline supply levels — which are consistently decreasing week-over-week.
“Traditionally lower supply levels equal higher prices at the pump, but we’re just not seeing that this year,” said Tiffany Wright, a spokesperson for AAA, in a statement. “We expect prices in the Carolinas to continue to trend cheaper in the coming months, but hurricanes can always alter the forecast for savings at the pump.”
North Carolina’s average saw a five cent decrease on the week, currently sitting at $2.03 — this is seven cents less than a month ago and 32 cents cheaper than a year ago.
In Indian Trail, QuikTrip (5650 W US 74) is charging $1.80.9 per gallon of regular gasoline as of Tuesday (Sept. 15) at 11 a.m., according to gasbuddy.com. Pilot in Monroe (2700 Chamber Dr.) is at $1.81.9, the Shell & Circle K (4103 US 74 W) in Monroe and the BP (4102 W. Hwy 74) in Monroe are all at $181.9 per gallon.
South Carolina’s average also saw a five cent decrease on the week, currently sitting at $1.92 — this is one cent more than a month ago and 31 cents cheaper than a year ago, reports AAA.
As of Sept. 14, the national gas price average is $2.19, three cents less than last week, two cents more than a month ago, but 37 cents cheaper than mid-September last year. On the week, all states saw gas prices decrease or stabilize at the pump and states with the largest declines are paying a nickel to a dime less. Mid-September is typically a point in the year that ushers in cheaper gas prices due to the switchover at gas stations from summer-blend to winter-blend, which is cheaper to produce, according to AAA.