Due to ongoing international sanctions that limit oil supplies, South Carolina’s gas prices are rising this week once more, increasing expenses at the pump.
The average gas price in the state increased by 2 cents from the previous week to $2.76 on Monday. This is still 2.5 cents less than it was at the same time last year, but it is up 4 cents from a month ago.
With the lowest recorded price on Sunday being $2.39 per gallon and the highest being $3.25, prices vary greatly throughout the state.
Gas prices have been comparatively steady nationwide, with the average price falling 1.1 cents to $3.02 per gallon over the last week. The national average, meanwhile, is down 3.2 cents from a year ago and up over a cent from last month.
Prices for diesel tell a different tale. Due to refining activities and increased heating demand caused by colder weather, the national average for diesel increased by 3.7 cents over the last week to $3.525 per gallon.
The damage may be temporarily mitigated by seasonal low demand for gasoline, but refinery maintenance season, when gasoline production normally declines, is quickly approaching. The typical springtime price rally may be triggered by this.
For the time being, South Carolina drivers are encouraged to monitor local costs and take advantage of the most economical choices.