Gas Prices Decline in South Carolina

News Summary

Good news for South Carolina residents! Gas prices have fallen by 10 cents per gallon over the last week, now averaging $2.27. This marks a significant decrease of nearly 40 cents compared to last year’s prices. However, there has been a slight increase since last month. While South Carolina’s prices are considerably lower than the national average of $3.22, experts predict potential rises ahead as the shift to summer-blend fuel approaches. Stay informed and enjoy the savings at the pump!

Gas Prices Keep Dropping in South Carolina!

Hey there, folks! If you’re living in South Carolina, you might want to celebrate just a little because there’s good news at the pump! Over the past week, the average price of gas has taken a bold dip of 10 cents per gallon. Right now, you can fill up your tank at around $2.27 per gallon. Can you believe it?

A Year in Review

To put this in perspective, just last year at this time, prices were over 50 cents higher than they are today. So, if you’re keeping track, this means gas prices have slashed down by nearly 40 cents compared to the same time last year. Sounds like music to our ears, doesn’t it?

The Big Picture

However, before you pop the confetti, it’s important to note that while this week’s drop is a delight, prices have actually increased by 13 cents since last month. So, even though we’re enjoying lower prices now, they have begun to creep back up a bit.

If you’re all about comparisons, check this out: The national average is sitting at around $3.22 per gallon. So, we’re still doing pretty well right here in South Carolina!

What’s Happening Nationally?

In a quick national roundup, Lubbock, Texas, is showing off the cheapest metro-area gas prices at $2.63 per gallon, while Napa, California, is unfortunately seeing the highest prices at a staggering $5.29 per gallon. Just goes to show the varied landscape of gas prices across the country!

Market Influencers

Now let’s talk about what’s driving these price changes. Recently, President Trump announced a 10% baseline tariff on all imports to the U.S. — but here’s the kicker — it doesn’t apply to oil and gas imports. Following this announcement, U.S. oil prices dropped by a shocking 7%.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) has decided to increase production to help stabilize the market. With moves like these, it’s clear that the oil world is always on the go!

What’s Ahead?

Looking ahead, GasBuddy’s analyst Patrick De Haan predicts we might see gas prices rise again as we shift to summer-blend fuel. That transition usually hits its peak around mid-to-late April. So, keep your eyes peeled for any changes on the horizon!

Comparing Nearby States

$3.00 and Jefferson City seeing prices up to $3.04. In fact, St. Joseph boasts the lowest at $2.76 per gallon. Looks like we’re in a better spot right now!

State of Affairs in Washington

$4.38 per gallon, due to some ongoing refinery issues. Quite the contrast to our situation here!

Final Thoughts

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Additional Resources

• ABC Columbia
• Stacker
• KOMU News
• Columbia Basin Herald
• WTOL
• Wikipedia: Gas Prices
• Google Search: Gas Prices News
• Google Scholar: gas prices
• Encyclopedia Britannica: gas prices
• Google News: gas prices