South Carolina gas prices drop 2.5 cents, continuing national trend of decline

Screenshot 2024 11 25 At 113554am

Average gasoline prices in South Carolina have risen 3.5 cents per gallon in the last week, with an average price of $2.74 per gallon Monday, according to GasBuddy’s survey of 3,028 stations in South Carolina. (FILE)

 

The average price of gas in South Carolina has fallen 2.5 cents per gallon in the last week, continuing a near national trend of decline, according to GasBuddy’s survey of South Carolina gas stations.

“Millions took to the road for Thanksgiving, and while some regions, like the Great Lakes, saw gas prices rise just in time for travel, most of the nation saw prices hold mostly stable or decline slightly as the national average remains near the lowest level we’ve seen since 2021,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

Prices in the state have been reported as averaging $2.71, which is 6.8 cents per gallon lower than a month ago and 18.4 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in South Carolina was priced at $2.39 per gallon, while the most expensive was $3.39, a which amounts to a whole dollar difference depending on the station.

Meanwhile the national average price of gasoline has also fallen, though less significantly, at 0.6 cents per gallon in the last week with an average of $3.00.

“The weeks ahead should feature slight drops in gas prices in most areas, with over 100,000 stations now offering a gallon for $2.99 or less, which should stick around through the holiday shopping season. While the potential impacts from tariffs are something to watch, they would have no effect until late January, if implemented at all,” said Haan.

The national average is down 7.7 cents per gallon from a month ago and stands 23.2 cents per gallon lower than a year ago, according to the data compiled by GasBuddy’s survey of 11 million weekly price reports covering over 150,000 gas stations across the country.

Categories: Local News, State