Gasoline prices rose 11 cents per gallon last week in South Carolina, placing it among states with the highest increase in prices in the nation.
The average price is now $2.19 per gallon, according to fuel price gauger GasBuddy’s daily survey of more than 3,000 gas outlets across the Palmetto State.
That’s still $1.25 less than a one year ago this time. South Carolina continues to have the lowest gasoline prices in the nation, according to AAA’s Daily Fuel Gauge Report.
The national average climbed nearly 7 cents per gallon last week to $2.45 a gallon, GasBuddy.com reported. That’s $1.22 less than one year ago.
“Oil prices saw notable gains last week, rising to new 2015 highs. That translated into some hefty gasoline price increases in some states, while none were left behind. All 50 states saw gasoline prices move higher,” said Patrick DeHaan, GasBuddy senior petroleum analyst.
“Largest price increases were witnessed in the Northeast and East, with New Jersey, Connecticut, New Hampshire, South Carolina and Massachusetts all seeing an average rise over 10 cents a gallon,” he said. “I would lay blame for these increases on over-sensitive traders, who bid oil prices higher last week after oil inventories rose at their smallest amount since January. Also entering the equation is that U.S. domestic oil output fell last week, perhaps a harbinger of what’s to come.”
The Charleston-North Charleston market reported the highest gasoline prices in South Carolina at $2.25 a gallon, according to AAA’s Daily Fuel Gauge Report. That’s up about 12 cents from one week ago.
Reach Warren L. Wise at 937-5524 or twitter.com/warrenlancewise.