Gasoline prices continue to fall across S.C., still lowest in nation

Gasoline prices continue to fall across South Carolina and remain lowest in the nation.

Motorists across South Carolina continue to enjoy falling gasoline prices during the summer driving season as well as the lowest gasoline prices in the nation.

The average retail price of a gallon of gas in the Palmetto State fell 3 cents last week and 11 cents over the past four weeks to stand at $2.36, according to fuel price gauger GasBuddy.

The price is nearly 93 cents lower than one year ago, based on GasBuddy’s daily survey of more than 3,000 gas outlets in South Carolina.

The national price of gasoline dropped just under 1 cent last week and about 3.5 cents over the past four weeks to an average of $2.76 a gallon. That’s about 81 cents lower than one year ago.

GasBuddy predicted even lower prices by the fall.

“With oil nearing $50 per barrel, there’s a very good possibility that by mid-fall, gasoline prices could fall under $2 a gallon in a growing number of states,” said Patrick DeHaan, GasBuddy senior petroleum analyst.

The Charleston-North Charleston market posted the highest prices in South Carolina at $2.41 a gallon, according to AAA’s Daily Fuel Gauge Report. Myrtle Beach claimed the lowest prices at $2.34 per gallon.

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