SC gas prices drop 4 cents per gallon - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

SC gas prices drop 4 cents per gallon

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COLUMBIA, S.C. (WCIV) – Average gas prices in South Carolina dropped 4 cents last week to $3.24 per gallon on Sunday, according to GasBuddy.com.

The gas-price tracking website found that national prices fell by 4.9 cents last week to an average price of $3.51 per gallon. It’s a good sign, analysts say.

"The national average as of today has been on decline for a month straight," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “The drop in gas prices during the middle of the summer certainly has been welcome relief to families and individuals alike who are hitting the road during the peak of the summer driving season.”

Including last week’s change in price, prices in South Carolina are 6.1 cents per gallon lower than on year ago and 13.6 cents per gallon below the price a month ago.

The national price per gallon has dropped 16.5 cents per gallon in the last month, and 11.7 cents lower than one year ago.

“The national average now stands at its lowest point since March of this year, and will likely drop under $3.50 per gallon by mid-week. No states in the lower 48 feature average prices over $4 per gallon, and just 4.1 percent of all stations GasBuddy tracks stand over that level, which is a drop from 8.7 percent a month ago. In addition, a month ago, nearly 75 percent of gas stations were charging over $3.50 per gallon, while today we see just 38.2 percent of all stations over that level -- an impressive decline in price that GasBuddy alerted motorists to weeks ago," DeHaan said.

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