Gasoline prices continue to tumble; S.C. still lowest in nation

Gasoline prices remain at 11-year lows across South Carolina and the nation.

The summer driving season continues to treat motorists to falling gasoline prices.

The average price in South Carolina fell 3.4 cents during the past week to $1.91 a gallon, according to gas price service GasBuddy. Motor club AAA puts the price a penny higher.

The Palmetto State still maintains the lowest gas prices in the nation, down nearly 50 cents per gallon from this time last year.

Nationally, the price also dropped 3.4 cents per gallon during the past week to an average of $2.23, according to both gas price services. That’s about 53 cents less than this time one year ago.

“Even an uptick in demand for gasoline during the Fourth of July weekend couldn’t slow falling retail gasoline prices,” said Will Speer, senior petroleum analyst for GasBuddy. “The average retail gasoline price for the United States has dropped for 26 consecutive days. ... This translates to a 16-cent drop in gas prices since the streak started. These falling gas prices have been supported by the price of West Texas Intermediate crude losing 7.3 percent of its value in one week’s time.”

In South Carolina, the lowest average gasoline prices can be found in the Greenville-Spartanburg area at about $1.87 a gallon. In Charleston-North Charleston, the price is averaging $1.93 a gallon.

In the Charleston area, the price on Monday ranged from $1.79 in Goose Creek, Summerville and West Ashley to $2.19 near Kiawah and Seabrook islands.

Reach Warren L. Wise at 843-937-5524 or twitter.com/warrenlancewise.