Lowest premium gas price in New Hanover County hits $4.38 for week ending May 2

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Judy W. Chang, Commissioner of Federal Energy Regulatory Commission (FERC)
Judy W. Chang, Commissioner of Federal Energy Regulatory Commission (FERC)
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May 11, 2026
ByE. T. Morton
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Premium gas was sold at the lowest price of $4.38 per gallon at five gas stations in New Hanover County during the week ending May 2, according to customer reports submitted to GasBuddy.

The county registered an average of $4.79 per gallon for premium gas.

Of the 93 reported gas stations located within New Hanover County, 58 offered premium gas.

The statewide average price of premium gas in North Carolina was $4.79 per gallon for the week ending May 2, an increase from the previous week.

According to an analysis by Time Magazine, fuel prices remain elevated and volatile as global oil markets react to geopolitical developments tied to the U.S. conflict with Iran, with supply concerns focused on potential disruptions in the Strait of Hormuz. As of mid-April, the national average for gasoline remains above the $4-per-gallon mark, while diesel exceeds $5.60, reflecting recent swings driven by a temporary ceasefire and subsequent renewed escalation. Analysts say prices are likely to rise further in the near term as uncertainty persists and supply risks remain, with additional increases expected unless shipping flows through key transit routes are restored.

Gas price data reflects cash payments. Some stations may charge higher prices for credit card transactions due to processing fees, though such surcharges are prohibited in some states and territories.

Lowest Reported Premium Gas Prices in Cities Associated With New Hanover County in Week Ending May 2

Information in this article was obtained from GasBuddy. The source data can be found here.

Related Organizations:

Town of Carolina BeachCastle HayneCity of WilmingtonU.S. Federal Energy Regulatory Commission

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