spot_img

Week after turbulence, transportation energy prices steady

(The Center Square) – One week after American involvement in a Middle East war and days prior to July 4, transportation energy prices in North Carolina remain stable.

The average for a gallon of unleaded gasoline statewide is $2.91, down a penny from a week ago, up 9 cents from one month past, according to the American Automobile Association.

Last Monday, prices rocketed up 6 cents on average in a week’s time, with some locations seeing jumps of nearly 20 cents from Friday to Monday. In between, B-2 bombers went from Whiteman Air Force Base in Missouri to Iran and back, dropping bombs on three locations considered pivotal to nuclear foreign policy.

The national average is down 4 cents to $3.18. For diesel, the state average is $3.51 and nationally it’s $3.69. For context, at the turn of the calendar new year the statewide average for unleaded regular was $2.86 a gallon and the national average was $3.04.

Combustion engine consumers make up more than 8 million of the vehicle registrations in the nation’s ninth largest state.

- Advertisement -

North Carolina’s electric vehicle charging rate average, according to AAA, is 33 cents per kilowatt-hour. The national average is 36.3 cents per kwh. More than 100,000 zero emission vehicles are registered in the state. The state norm is down one-tenth of a penny, the national up two-tenths.

Eleven states have lower average prices for a gallon of unleaded; 17 are lower for diesel; and seven are lower in electric.

Among 14 major metro areas, the least expensive average for unleaded gas is in Fayetteville at $2.80. Most expensive is the Durham-Chapel Hill metro area ($2.96).

Diesel is the most consumer-friendly ($3.43) in Hickory-Lenoir-Morganton.

North Carolina’s 40.3 cents per gallon tax rate for 2025 is topped by California (59.6), Pennsylvania (57.6), Washington (49.4), Illinois (47), Maryland (46.1), and New Jersey (44.9).

The motor fuel excise tax rate in the state is the amount for the preceding calendar year (40.4), multiplied by a percentage. The percentage is plus or minus the sum of the annual percentage change in state population for the applicable calendar year, multiplied by 75% and the annual energy index percentage change in the Consumer Price Index for All Urban Consumers, multiplied by 25%, the state Department of Transportation explains on its website.

- Advertisement -

Motor fuel taxes in the state go to the Department of Transportation’s highway and multi-modal projects, adding up to just more than half of the state transportation resources. Specifically, the revenues go into the Highway Fund and the Highway Trust Fund.

spot_img
spot_img

Hot this week

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Men of Color Expo – Celebrating Men of Excellence

Tinker Federal Credit Union & PPBC Present Men of Color...

Sports betting bill still alive in Georgia House

(The Center Square) – A bill that would allow...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

EPA slashes regulations on refrigerants finalized during Biden-era

The Environmental Protection Agency is slashing some regulations on...

Civil Rights Pioneer Brenda Travis Dies at 81

(AURN News) — Civil rights pioneer Brenda Travis has...

Election, prison, drug pricing bills vetoed

(The Center Square) – Gov. Abigail Spanberger’s latest round...

Mace amendment would spare Democrats she targeted

(The Center Square) – Rep. Nancy Mace, R-S.C., introduced...

Congress skips town without passing $72B immigration enforcement bill

In an epic breakdown of negotiations, Congress is leaving...

High Gas Prices Are Changing Vacation Plans

(AURN News) — The summer travel season is almost...

More like this
Related

EPA slashes regulations on refrigerants finalized during Biden-era

The Environmental Protection Agency is slashing some regulations on...

Civil Rights Pioneer Brenda Travis Dies at 81

(AURN News) — Civil rights pioneer Brenda Travis has...

Illinois to require hidden ‘junk fees’ included in advertised price

(The Center Square) – In most cases when a...

WATCH: DCYF secretary refutes fraud claims, says agency needs funding for more audits

(The Center Square) - Department of Children, Youth and...