Gas Prices Continue Climb in the Carolinas Following Saudi Arabia Attacks

CHARLOTTE, N.C. (September 18, 2019) – Carolinians are seeing spikes at the pump – some upwards of 10 to 20 cents overnight – as stations adjust to the lesser supply following the facility shutdowns in Saudi Arabia.

North Carolina’s $2.42 average is up six cents since yesterday and seven cents on the week. South Carolina’s $2.33 average is up eight cents overnight and 10 cents since last week.

“Increases will most likely continue but may vary regionally and by local markets due to varying transportation costs and the switchover – throughout this month – to less expensive winter blend gasoline,” said Tiffany Wright, AAA Carolinas spokesperson. “While the national average could reach $2.75 this month, we hope to see lower prices across the Carolinas.”

The timeline for Saudi Arabian facilities to resume normal operations remains fluid. During a press conference on Tuesday, Saudi Arabia’s energy minister said half of the oil production that was lost has been restored and normal production would resume by the end of September. If this proves true, any price spikes being realized now will be short-term.

Additionally, U.S. dependence on Saudi Arabian crude imports has decreased in the past decade. In the first half of the year, on average, the U.S. imported about 18,000 bbl as compared to 35,000 bbl in the first half of 2017.

Below is a breakdown of prices by region:

Gas price averages across the nation can be found at www.gasprices.aaa.comMotorists 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 2.2 million member and the public with travel, automobile and insurance services while being an advocate for the safety and security of all travelers.

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