Gas prices up

The cheapest gasoline available in Monroe as of May 10 is $2.57 per gallon of regular, according to GasBuddy.

MONROE — Gas prices in the area are up roughly one dollar per gallon compared to this time last year, according to a report from GasBuddy.

A gallon of unleaded gas in the Charlotte area has climbed to an average of $2.70 as of Monday (May 10), according to GasBuddy, which is 99 cents higher than the average of $1.71 on May 10, 2020.

GasBuddy reports Charlotte’s average gas price has climbed by 6.5 cents over the past week.

“While average gas prices jumped last week as the nation continues to see COVID-19 recovery, all eyes are now on the Colonial Pipeline and the fact a cyberattack has completely shut all lines, leading to what could become a major challenge for fuel delivery,” said Patrick De Haan, head of petroleum analysis for GasBuddy, in a statement. “The situation is growing more intense each day that passes without the pipeline restarting, and motorists are advised to show extreme restraint or exacerbate and prolong the challenges. If the pipeline returns to service in the next day or two, the challenges will be minimal, but if full restart doesn’t happen by then, we’re likely to see a slight rise in gas prices, but more importantly, challenges for motorists needing fuel in Georgia, Tennessee, the Carolinas, Virginia, Northern Florida and surrounding areas. …”

The national average for gas prices is $2.95 per gallon, which is up 4.5 cents from last week, according to GasBuddy.

The least expensive gasoline available in Monroe is $2.57 per gallon at Valero (715 E. Franklin St.), followed closely by City Express Mart (409 E. Franklin St.), which is charging $2.58 per gallon as of Monday at 10 a.m.

For the most recent update, go to t http://FuelInsights.GasBuddy.com.