The spring seesaw in gasoline prices is underway.
After rising for six weeks and then falling for two more, the price at the pump across South Carolina took an upward turn last week.
The per-gallon cost across the Palmetto State rose 7.3 cents last week to an average of $1.89, according to gas price service GasBuddy and motor club AAA’s Daily Fuel Gauge Report.
That’s still about 30 cents lower than this time last year. Nationally, prices jumped 6.9 cents to an average of $2.11 a gallon, according to both gas price services. That’s about 33 cents less than this time one year ago.
“Gasoline prices increased last week in 49 of 50 states, thanks to a sudden jump in the price of crude oil tied to speculation of a change or freeze in oil output at this weekend’s meeting (of oil producers) in Doha, Qatar,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.
The meeting ended with no decision.
“The lack of a clear vision to cut or even freeze crude oil production will likely lead to a sharp sell-off in oil markets to start the week as global oil production continues to outpace demand,” DeHaan said. “While typically we’re used to seeing gasoline prices racing higher in the spring, the direct impact of this weekend’s meeting could cause gasoline prices this week to reverse temporarily as oil markets react.”
Louisiana captured the top spot for the lowest gasoline prices in the nation at $1.88 a gallon, according to GasBuddy.
In South Carolina, the lowest gasoline prices can be found in Myrtle Beach at an average of $1.88 a gallon, according to AAA. The average price in the Charleston-North Charleston market is $1.91 a gallon.
In the Charleston area, the price ranges from $1.82 in West Ashley to $1.98 on James Island.
Reach Warren L. Wise at 843 937-5524 or twitter.com/warrenlancewise.