Gasoline demand last week was near an all-time record high according to the Energy Information Administration (EIA). The boost in demand and drop in inventory have driven the national gas price average to $2.87, which is the most expensive gas price seen in August since 2014.
While gas prices in the Carolinas aren’t the highest they’ve been so far in 2018, ($2.80 in NC and $2.65 in SC), prices could be headed in that direction. In North Carolina, the statewide average is $2.70, which is up four cents on the week, three cents on the month and 53 cents on the year. South Carolina’s average is $2.59, a three cent increase on the week, six cent increase on the month (one of the largest monthly changes nationwide) and a 51 cent increase on the year.
“With demand near an all-time high, Carolinians will likely see a spike at the pump before summer draws to a close,” said Tiffany Wright, AAA Carolinas Spokesperson. “Whether you are filling up to squeeze in that last vacation or gearing up for school activities to resume, expect to pay more.”
Below is a breakdown of Carolina average’s by metro area:
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile .