Gas Prices Rise Following White House Announcement to Withdraw from Iranian Nuclear Deal

CHARLOTTE, N.C. (May 14, 2018) – At $2.87, the national gas price average jumped six cents on the week in part due to the White House’s decision to re-impose sanctions on Iran. Motorists are seeing 19 percent of gas stations selling gas for $3.01 or more. Today’s national average is 16-cents more expensive than one month ago and 53-cents more than one year ago.

Pump prices have jumped across the Carolinas as well. North Carolina’s average ($2.70) is up three cents on the week and South Carolina’s $2.57 is up two cents on the week. Today’s NC average is 50-cents more than a year ago, while SC’s average is 56-cents more than last year.

“The Administration’s move combined with the switchover to summer blend, growing global demand and shrinking supply continues to fuel pump prices as we approach the summer driving season,” said Tiffany Wright, AAA Carolinas spokesperson. “If crude oil prices continue to increase, the national average could reach $3 but it’s still too early to tell how high prices will go in the Carolinas.”

Below is a breakdown of prices by region:

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 .

AAA Carolinas, an affiliate of the American Automobile Association, is a not-for-profit organization that serves more than 2.1 million member and the public with travel, automobile and insurance services while being an advocate for the safety and security of all travelers.

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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