South Carolina gas prices fall for second week, some areas see lowest prices since 2021
(WCIV) — The Average price of gas in South Carolina dropped for the second week in a row, with prices nationally appearing to be the lowest since March 2021.
Average gas prices in South Carolina have fallen 0.3 cents per gallon in the last week, averaging $2.67 per gallon today, according to GasBuddy’s survey of 3,028 stations in South Carolina.
“The average price of gasoline in the U.S. hasn’t been this low in March since 2021, when the pandemic significantly reduced demand and kept prices suppressed. This time around, caution is also playing a role in keeping prices lower— particularly uncertainty over tariffs, which is likely having a moderate impact,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
This week, prices in South Carolina sit 16.8 cents per gallon lower than a month ago and stand 42.8 cents per gallon lower than a year ago.
GasBuddy price reports show that the cheapest station in South Carolina was priced at $2.21/g yesterday while the most expensive was $3.29/g, a difference of $1.08.
Meanwhile the national average price of gasoline has fallen as well, though slightly more than South Carolina’s average.
National prices fell 0.6 cents per gallon in the last week, averaging $3.03/g today, which is down 8.9 cents per gallon from a month ago and stands 36.7 cents per gallon lower than a year ago.
De Hann predicts that much of this pressure to drop prices is due to concerns of the direction of the economy.
“Concerns about the direction of the economy could have a major influence on fuel prices in the months ahead, especially with the high level of uncertainty surrounding tariffs. Additionally, OPEC+ announced last week that it would gradually begin restoring oil production after nearly two years of cuts, adding further downward pressure on oil prices. As a result, the typical seasonal rise in gas prices has yet to materialize, and if and when it does, it may be considerably smaller than expected.”
