GREENSBORO, N.C. (WGHP) – If you haven’t looked at gas prices weekly – and, come on, don’t we all look every time we pump? – you have a little more reason to smile.
The price of a gallon of regular unleaded gasoline in the Greensboro area has dropped significantly in the past three weeks and today is $3.81 a gallon, based on data analysis by GasBuddy.com.
Yes, that’s high – more than a dollar higher than last April 11 and more than double the $1.64 recorded in April of 2020 – but the needle is going in the right direction.
It’s a 9.9-cent drop from the previous week and about 36.6 cents less than a month ago. This analysis is based on a survey of 586 stations, so the numbers can vary a bit.
The better news is that the Greensboro area’s prices are 11 cents better than the state average, a couple of cents better than Winston-Salem, 18 cents better than Durham and 29 cents better than the national average of $4.10.
Greensboro is indeed a comparatively good place to buy gasoline. If you shop around, you can find prices as low as $3.51 per gallon, and that doesn’t include any discount plans or cash-back programs you might use, which always lower the price by at least a few cents.
The bigger question you likely have is, will this positive trend last or is this just a bounce point in the continued trend of rising prices?
“Gas prices have continued to move in the right direction – down – saving Americans approximately $100 million every day compared to when prices peaked about a month ago. And, more good news is on the horizon: The national average this week will likely fall back under the critical $4 per gallon mark,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a release about the latest trends. “It remains possible that gas prices may have hit their 2022 peak, barring the typical caveats like the Russia war on Ukraine, the economy, hurricane season and COVID don’t take drastic and unexpected turns.
“Diesel prices are also falling and likely to go back under the $5 per gallon average this week. The situation for now continues to show signs of improving, with the national average falling back into the $3 range as early as this week.”
If you want context, here are some comparatives for the past 10 years:
- April 11, 2021: $2.53/g (U.S. Average: $2.85/g)
- April 11, 2020: $1.64/g (U.S. Average: $1.84/g)
- April 11, 2019: $2.67/g (U.S. Average: $2.82/g)
- April 11, 2018: $2.57/g (U.S. Average: $2.67/g)
- April 11, 2017: $2.30/g (U.S. Average: $2.40/g)
- April 11, 2016: $1.93/g (U.S. Average: $2.04/g)
- April 11, 2015: $2.24/g (U.S. Average: $2.39/g)
- April 11, 2014: $3.52/g (U.S. Average: $3.62/g)
- April 11, 2013: $3.48/g (U.S. Average: $3.56/g)
- April 11, 2012: $3.89/g (U.S. Average: $3.91/g)