S.C. gasoline prices end slide, rise while national price holds steady

Gas prices jumped 6 cents per gallon during the past week in South Carolina to an average $1.95 a gallon, tying Mississippi for the lowest gasoline prices in the nation.

After weeks of steadily declining, gasoline prices jumped 6 cents per gallon in South Carolina during the past week.

The average price is now $1.95 a gallon, according to gas price service GasBuddy’s daily survey of more than 3,000 gas outlets across the Palmetto State.

Still, the price is $1.13 lower than one year ago and about 9 cents lower than one month ago across the state.

And while prices rose across South Carolina, they held steady across the country. The national average didn’t budge last week, staying at $2.29 a gallon. That’s about $1.05 less than one year ago and 22 cents lower than one month ago.

GasBuddy analyst Gregg Laskoski said the rise in prices in South Carolina was driven by a surge in wholesale prices late last week that settled back down Monday. He expects the cost of gasoline to continue to fall nationally because of seasonal and market conditions.

“Retail gasoline prices should be expected to continue a slow but steady descent consistent with what typically occurs when cheaper ‘winter blend’ gasoline becomes more available as we near the beginning of the fourth quarter,” said Gregg Laskoski, GasBuddy senior petroleum analyst. “The Great Lakes region may be the only one where a decline is less likely given the jump in Chicago wholesale fuel prices late last week. The spike brought Chicago wholesale as high as Los Angeles and to a tie for the highest wholesale gasoline prices nationwide.”

South Carolina is now tied with Mississippi for the lowest gasoline prices in the nation. The highest price for gasoline in the Palmetto State can be found in the Charleston-North Charleston area at about $1.98 per gallon, according to AAA’s Daily Fuel Gauge Report. The lowest prices are in Myrtle Beach at about $1.95 per gallon.

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