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Gas Prices: Settling Down

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RATES RECOVER FROM PIPELINE, HURRICANE PROBLEMS …  

Our recent gas price updates have been skewed by a pair of unforeseen circumstances: A busted Koch Brothers pipeline in rural Alabama last month and the arrival of Hurricane Matthew earlier this month.

Given these developments, we haven’t really had a “normal” reading on this indicator in some time.

Things may finally be settling down, though.  As it stands now, the average price for a gallon of regular unleaded gasoline in South Carolina is $2.04, according to AAA.  That’s down four cents per gallon from a week ago and eight cents per gallon from last month.

Meanwhile GasBuddy.com has the statewide average for a gallon of regular unleaded at $2.03 – a price it describes as “stable.”

In North Carolina, gas prices are currently $2.20 per gallon of regular unleaded according to both AAA and Gas Buddy, while in Georgia the price is $2.21 according to AAA and $2.20 according to Gas Buddy.

Both of those states are in line with the current national average of $2.22 per gallon.

South Carolina usually has the lowest gasoline prices in America, although there are currently six states (Arkansas, Missouri, New Jersey, Ohio, Oklahoma and Texas) boasting lower per gallon costs.

We suspect the Palmetto State will inch back below these states soon – although as we’ve frequently mentioned, low gas prices do not mean South Carolinians aren’t paying a disproportionately high percentage of their income on fuel.  They are.

What are gas prices like in your area?  Post your readings/ pics in our comments section below …

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