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AAA: Gasoline Demand Increases Pushing Pump Prices Upward

Charlotte, N.C. (June 15, 2020) – Motorists are filling up at the pump more and more as the slow but steady rise in demand has pushed gasoline prices in the Carolinas more expensive.

“Carolinians are back on the roads and refueling gasoline demand,” said Tiffany Wright, AAA spokesperson. “An increase in demand will definitely contribute to higher prices in the next few weeks but the numbers won’t hit typical summer prices.”

North Carolina’s $1.98 average is 13 cents more expensive on the week, 27 cents more expensive than a month ago but 48 cents cheaper than a year ago. South Carolina’s $1.85 average is 12 cents more expensive on the week, 26 cents more expensive than a month ago but 44 cents cheaper than a year ago. Both North and South Carolina landed on the nation’s top 10 list for largest weekly increases in the country.

Today’s national average sits at $2.10 – seven cents more on the week, 24 cents more on the month but 59 cents cheaper on the year. Only one-third of state averages are $1.99 per gallon or less and the majority of those states are in the South and Southeast.

Last week, domestic crude prices decreased amid increased market concern that a spike in new COVID-19 infections could lead to another reduction in crude demand. Additionally, total domestic crude inventories grew by 5.7 million bbl last week, bringing the total to 538.1 million bbl – and the increase in crude supplies also helped to push prices lower. If these trends continue this week, crude prices could decline further.

 

For updated state and metro prices log on to https://gasprices.aaa.com/

 

About AAA – The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America with more than 14 million members across 14 U.S. states, the province of Quebec and two U.S. territories. ACG and its affiliates provide members with roadside assistance, insurance products, banking and financial services, travel offerings and more. ACG belongs to the national AAA federation with more than 60 million members in the United States and Canada. AAA’s mission is to protect and advance freedom of mobility and improve traffic safety. For more information, get the
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For more information on this press release, please contact:

Public Relations Manager
Tiffany Wright
tmwright@aaacarolinas.com
Work : 704-737-8306
Cell : 704-569-7768