South Carolina Experiences Drop in Gas Prices over the Last Week
Gas Prices Drop as Drivers Breathe a Sigh of Relief
South Carolina (237ABC) – In a recent development, the average gas prices in the Palmetto State have seen a considerable fall. According to data from the survey conducted by GasBuddy across 3,028 gas stations in the state, average gas prices have declined by 6.8 cents in the last week, stabilizing at $2.92 per gallon.
In comparison to the rates a month ago, current gas prices are 4.4 cents per gallon higher but remain 5.2 cents per gallon lower than the same time in the previous year. As of Sunday, the lowest price observed at a South Carolina gas station was $2.55 per gallon, while the priciest station had gas going at $3.99 per gallon.
Analysts Expect More Fluctuations
Renowned petroleum analyst Patrick De Haan noted, “Motorists have finally seen a bit of a break in the recent rise in the national average, with more states seeing drops than increases in the last week. It’s likely only a matter of time before we see the rise re-engage and prices start to head higher, but we’ll take any break that we can.”
De Haan explained that oil prices displayed signs of struggle the previous week, after barely missing the $80 per barrel mark and falling closer to $76. Industry watchers are closely monitoring refiners, as their utilization remains seasonally weak, around 80% of capacity. This low utilization translates into less gasoline and diesel being produced, setting the stage for prices to possibly surge again amid increasing demand.
National Average Shows Slight Drop
Not just South Carolina, the fall in gas prices over the past week has been noticed nationwide too. De Haan reported a drop of 1.9 cents nationally, bringing the average price down to $3.24 per gallon. This current national average is 13.3 cents per gallon more expensive compared to last month, but 9.2 cents cheaper than last year.
Gas Price Fluctuations Continue to Affect Motorists
While the recent trends offer some temporary respite to the state’s motorists, experts warn that these fluctuations could persist and prices may even rise again soon. Amid this environment, drivers are advised to stay updated with the latest in gasoline price trends and prepare their budgets accordingly.
Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
