Why is gas so expensive in North Carolina?

I don’t want to buy gas in North Carolina right now because the prices are insanely high. Is there a reason that gas is so expensive right now?

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Answer provided by
Liz Jenson
Answered on Jul 08, 2022
The reason that gas is so expensive in North Carolina is the same reason that it’s so expensive everywhere else: there is a national gas shortage in the United States right now, caused partially by the war in Ukraine.
Russia’s invasion of Ukraine caused some problems in the oil supply market, which was further disrupted when President Biden banned imported oil and gasoline from Russia. This supply issue created a classic economic problem: high demand and low supply. This caused the prices of gas to skyrocket.
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