Columbia, South Carolina – Gas prices in South Carolina have been relatively stable over the past week, with a slight decrease of half a cent per gallon, based on a GasBuddy survey of 3,028 gas stations throughout the state. Currently, the average price for a gallon of gas is 4.4 cents more than it was last month and 7 cents less than this time last year. The lowest price found was $2.89 per gallon at the cheapest station on Sunday, while the highest was $3.69 per gallon at the most expensive station, according to GasBuddy.
On a national level, the average price of gas has increased by 4.3 cents per gallon over the past week, reaching $3.64 per gallon on Monday. This is 10.8 cents higher than last month and 1.1 cents lower than last year, with data collected from over 150,000 gas stations by GasBuddy. Patrick De Haan, head of petroleum analysis at GasBuddy, noted that gas prices might start to decrease soon.
“As the nationwide changeover to summer gasoline is now behind us, at least one of the three factors that had been actively causing prices to rise in the last couple of months is behind us. However, it may take time for the largest pain point to be over: refinery maintenance. The next few weeks should see many refineries wrapping up their work and gasoline output should rise, putting downward pressure on gasoline prices soon,” De Haan said.
“While Israel’s retribution on Iran was somewhat surprising, it was also measured, with Iran virtually not even mentioning it publicly. As such, the price of oil has moved slightly lower, following the de-escalation that now appears to be taking place. I’m hopeful with reduced concern in the Middle East and an end to the seasonal factors pushing prices up that Americans will soon see relief,” De Haan added.
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