Gasoline prices continue to rise ahead of the summer traveling season.
The average price of gas in South Carolina rose 4.3 cents during the past week to $2.36 a gallon, according to fuel price gauger GasBuddy’s daily survey of more than 3,000 gas outlets across the Palmetto State.
Despite the uptick, the price of gasoline in South Carolina is $1.10 lower than one year ago. It’s 27.1 cents higher than a month ago.
South Carolina continues to have the lowest gasoline prices in the nation, according to AAA’s Daily Fuel Gauge Report.
The national average jumped 4 cents per gallon to $2.66, according to gasoline price website GasBuddy.com. That’s 99.4 cents per gallon lower than a year ago and 26.9 cents higher than one month ago.
“The rapid rise we’ve seen in the national average over the last several weeks appears to be slowing,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “The rise in crude oil prices has been the largest explanation for the rise in gasoline prices over the past few weeks, though the increase has been enhanced in the west by refinery problems — which still pose a threat to that market.”
For much of the nation, DeHaan projected gasoline prices may begin to fall as crude oil prices have started falling, standing some $4 per barrel off recent highs as of late last week.
All 50 states are seeing higher prices than a month ago, but they are also seeing lower prices than a year ago, with some states in the Midwest down by $1.15 a gallon and others out west down between 48 cents and 65 cents per gallon compared to this time last year.
In South Carolina, the highest-priced gasoline can be found in Myrtle Beach at $2.44 a gallon, according to AAA’s Daily Fuel Gauge Report. In Charleston-North Charleston, the price stands at $2.37 a gallon.
Reach Warren L. Wise at 937-5524 or twitter.com/warrenlancewise.