Gas prices rise again, approaching record high :: WRAL.com

Gas prices are increasing again, approaching the record high we met in March.

AAA reports the new average gas price in the Raleigh area is $4.10 per gallon, one of the largest weekly increases the state has seen. That means gas prices in Raleigh are almost 27 cents higher than a month ago and stand $1.37 higher than a year ago, AAA reports. Find the least expensive gas in your area.

Both the Triangle and North Carolina have a lower price than the national average, which jumped to $4.33 on Monday.

The national average for diesel is $5.52 per gallon, the highest ever.

On March 11, North Carolina hit the highest recorded gas price in state — $4.38.

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Gas Buddy said the least expensive gas in Raleigh on Sunday was $3.39 per gallon, and the most expensive was $4.99.

AAA reports that, between April 28 and May 5, many states saw the largest seven-day increase in their average gas prices. Michigan rose the most, by 30 cents, and gas prices in North Carolina rose by 16 cents.

Experts say the demand is increasing Memorial Day weekend approaches and oil prices rise. “Gasoline and diesel prices alike saw strong upward momentum last week as oil prices continued to climb after the EU signaled its desire to sanction Russian oil. In addition, U.S. petroleum inventories saw yet another weekly decline as we near the start of summer driving season,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

Here’s a look at how the average gas price in Raleigh has changed in 10 years.

  • May 9, 2021: $2.73
  • May 9, 2020: $1.70
  • May 9, 2019: $2.70
  • May 9, 2018: $2.70
  • May 9, 2017: $2.22
  • May 9, 2016: $2.17
  • May 9, 2015: $2.50
  • May 9, 2014: $3.63
  • May 9, 2013: $3.40
  • May 9, 2012: $3.67
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