Gas and Diesel Prices Continue to Increase, Likely to be at Their Highest Memorial Day Ever; Canadians Cancel Their Weekend Plans due To Soaring Gas Prices

The average gasoline price in North Carolina has surged to 13.0 cents per gallon in the last week, valuing, on an average, $ 4.36 per gallon Monday, May 23, 2022, informs GasBuddy’s survey of 6,092 stations in North Carolina.

Cost in North Carolina is 55.5 cents per gallon, higher than a month ago and stood at US$ 1.48 per gallon higher than a year before. The cost of diesel has increased to 22.6 cents on a national level since the last week and values UD$ 5.518 per gallon.

As per GasBuddy price, the cheapest station in North Carolina is valued at US$ 3.99 per gallon Sunday, and the most expensive is valued at US$ 5.61 per gallon. So the two have a difference of US$ 1.62 per gallon. 

The national average cost of gasoline has increased by 11.0 cents/gallon over the past week. The average cost is valued at US$ 4.57 per gallon Monday. As per GasBuddy data, compiled from more than 11 million weekly price reports that covered 150,000 stations across the nation, the national average is high by 45.4 cents per gallon from a month ago. It is valued at 1.55 per gallon more than a year ago. 

Similarly, Canada has also been experiencing increasing gas prices with limited extended weekend travel plans for the citizens. The Vitoria Day long weekend marks the onset of summer, an ideal time to spend time with friends and family. However, most Canadians chose to stay closer to avoid heavy expenses at the pumps. 

With the fuel price soaring high, many weekend agendas and social media have been loaded with various frustrated comments by Canadians. Despite the gas prices plunging a bit before the weekend, the price has been on an uphill climb since the Russia-Ukraine conflict began. As of Sunday, the average cost of gas in Canada is US$ 1.97 per liter, informs GasBuddy.

In provinces such as Quebec, Ontario, and British Columbia, prices hit at least US$ 2 per liter, with the latter valued at US$ 2.15 per liter on Sunday. Prices hit under US$ 2 per liter in Manitoba, Alberta, and Saskatchewan, reveals GasBuddy.