S.C. gas prices nearly $1 lower than year ago heading into Fourth of July

Gasoline prices in South Carolina remain lowest in the nation ahead of holiday weekend.

Heading into the busy holiday travel weekend, motorists in South Carolina can expect gasoline prices to be about 95 cents lower than one year ago, still lowest in the nation.

The price of gas fell 3 cents during the past week to $2.44 a gallon Sunday, according to gas price gauger GasBuddy’s daily survey of more than 3,000 gas outlets across the Palmetto State. That’s the same price from one month ago.

The national average for the price of gasoline dropped 1.3 cents during the past week to $2.78 a gallon, down 90 cents from one year ago, GasBuddy said. The price is up 3.9 cents from one month ago.

“The national average continued its slow retreat in the last week, but current events with Greece may have some bearing on the market in the week ahead and could put downward pressure on oil prices,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “With the latest round of debt relief talks failing thus far, it may weigh on stocks and commodities in the week ahead.

“Regardless of Greece, I believe gas prices nationally will eke out a third straight weekly decline, though a negative outcome in the Greece situation stands to enhance the expected downward momentum,” DeHaan said.

Thirty-nine states experienced price declines at the pump last week, “a nice trend as we head toward July 4,” DeHaan added.

In South Carolina, the Charleston-North Charleston area posted the highest prices for gasoline at $2.51 a gallon, according to AAA’s Daily Fuel Gauge Report. The Upstate has the lowest prices at $2.38 a gallon.

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