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Gas prices rising trend continues in South Carolina, GasBuddy report

Columbia, South Carolina – According to the weekly GasBuddy report, the upward trend in gas prices in South Carolina continues.

The study covers the price of 3,028 South Carolina gas stations and shows that gas prices have risen 1.2 cents per gallon in the past week and averaged $ 2.86 per gallon on Monday.

Although many predicted that prices would fall after July 4thminds, it turned out that prices have been rising for several weeks.

According to the report, gas prices in Palmetto are 10.6 cents per gallon higher than in the same period last month and 94.3 cents higher per gallon than a year earlier.

The highest record price in the state on Monday was $ 3.27 per gallon, while the lowest price was $ 2.59 per gallon.

The difference between prices this week is 68 cents per liter, down from 85 cents last week.

The national average price of gas has risen 1.3 cents per gallon and now stands at an average of $ 3.16 per gallon. The national average price for a gallon is 10.2 cents more than last month and 98.0 cents a gallon a year earlier.

“Gas prices across the country have slowed slightly in the past week with a mixed bag of cuts and increases, but overall, the country’s middle ground hasn’t seen a meaningful direction as oil prices remain at early July levels, thanks to OPEC on production at the end of July. week of agreement, ”said Patrick De Haan, head of oil analysis at GasBuddy.

“OPEC’s plan is to increase oil production to 40,000 barrels per month by 2022, at which time OPEC’s oil production will be at pre-Covid levels,” he said. This is a positive development in light of U.S. gasoline demand, which rose by about 2% last week and it should act as a weak ceiling for oil prices and could mean that we want to reach even the highest level in the country already no. ”

https://thecharlestonpress.com/gas-prices-rising-trend-continues-in-south-carolina-gasbuddy-report/ | Gas prices rising trend continues in South Carolina, GasBuddy report

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