Gas prices in South Carolina have dropped by 2.9 cents per gallon in the last week, averaging $2.79. Prices are 5.7 cents per gallon higher than a month ago and 15.6 cents per gallon lower than a year ago. The cheapest station in South Carolina is priced at $2.30 per gallon, while the most expensive is $3.39 per gallon. Gas prices in South Carolina have fluctuated over the past ten years, with the highest price being $3.07 per gallon in January 2014. Neighboring areas such as Spartanburg, Augusta, and Columbia also have varying gas prices. Gasoline inventories have seen a large rise, putting downward pressure on gas prices. Patrick De Haan, head of petroleum analysis at GasBuddy, suggests that the national average may briefly fall below $3 per gallon.
Meanwhile, in Rhode Island, the average price for a gallon of regular, unleaded gasoline rose 3 cents last week, reaching $3.04 per gallon. This price is 6 cents lower than a month ago and 37 cents lower than on January 29, 2023. Rhode Island's average gas price is 6 cents lower than the national average of $3.10 per gallon. The national average price is 2 cents lower than a month ago and 40 cents lower than the same day last year. Gas prices in Rhode Island have also been affected by the rise in oil prices.
In the midlands of South Carolina, gas prices have increased by nearly ten cents over the past week, with drivers now paying an average of $3.30 per gallon, according to GasBuddy. The cheapest station in Columbia is priced at $3.04 per gallon, while the most expensive is $3.69. The national average for gas prices is $3.60 per gallon.
Gas prices are cheaper than last summer and miles away from where they peaked two years ago. The national average for regular gas is $3.46 a gallon, down $1.56 from the national record of $5.02 set in June of 2022. In South Carolina, the average price is $3.11 a gallon. [75bd62e5] [8cc9d9dd] [4ed59693] [da7ed08d]