South Carolina gas prices drop to average of $3.65 a gallon, bringing summer travel relief
(WCIV) — The average price of gas in South Carolina has fallen once again, bringing much needed relief to motorists as summer kicks off, bringing with it an increase in travel.
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According to GasBuddy’s survey of 3,028 stations in South Carolina, the cost of gas has fallen 19.8 cents per gallon, dropping to a total average of $3.65 per gallon as of Monday. This recorded price is 48.9 cents per gallon lower than a month ago and 95.8 cents per gallon higher than a year ago.
“Average gasoline prices declined in virtually every state over the last week as oil prices continued to fall, with crude approaching $90 per barrel and refiners ramping up output following seasonal maintenance,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
The cheapest station in South Carolina was priced at $3.17 per gallon Sunday while the most expensive was $4.49 per gallon, a difference of $1.32.
Meanwhile the national average price of gas has also fallen 17.9 cents per gallon in the last week, for a new average of $4.09 per gallon as of Monday.
The national average is down 45.2 cents per gallon from a month ago and stands $1.02/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.
Despite both national and local gas prices dropping De Haan states that the future of gas prices remains murky.
“With the Strait of Hormuz remaining effectively closed, global oil supplies continue to tighten, and any further deterioration in the situation could send prices sharply higher. For now, motorists may enjoy the savings at the pump, but the risk of a significant reversal has not gone away,” said De Haan.
