It’s news that we don’t want to hear—not before the summer driving season begins when gas prices traditionally rise. Because of disturbances in the Middle East, oil speculators, and high demand, average retail gasoline prices in the Charlotte area have risen 7.0 cents per gallon in the past week, averaging $3.83 per gallon as of Monday. This compares with the national average that has increased 7.1 cents per gallon in the last week according to gasoline price website CharlotteGasPrices.com.
Including the change in gas prices in Charlotte during the past week, prices yesterday were $1.04 per gallon higher than the same day one year ago and are 20.9 cents per gallon higher than a month ago. The national average has increased 29.2 cents per gallon during the last month.