South Carolina Gas Prices Hit $3.88 After Weekly Spike
Average gasoline costs in South Carolina rose 16.6 cents per gallon this week. The statewide average now stands at $3.88 per gallon, nearing the $3.90 threshold.
Drivers in South Carolina faced a significant price increase at the pump. The average cost of gasoline climbed 16.6 cents per gallon over the past seven days. This puts the statewide average at $3.88 per gallon as of Monday. The figure represents a 27.4-cent increase from a month ago. Compared to the same period last year, prices are $1.11 higher.
National trends match state data
The local rise mirrors broader market movements across the United States. The national average for gasoline increased by 17.2 cents to reach $4.25 per gallon. Diesel prices saw a sharper jump of 31.6 cents per gallon. The national average for diesel now stands at $6.18 per gallon. These figures indicate a synchronized upward pressure on fuel costs nationwide.
Regional price variations remain high
Prices fluctuate across major South Carolina markets. In Columbia, the average price is $3.85 per gallon, up 17.5 cents. Spartanburg drivers pay an average of $3.86 per gallon, an increase of 18.8 cents. Augusta reports the highest average among these areas at $3.93 per gallon, up 9.8 cents. The statewide range spans from a low of $3.09 to a high of $5.09 per gallon.
Geopolitical factors drive supply disruptions
Analysts link these increases to global supply issues. Patrick De Haan of GasBuddy cites escalating geopolitical tensions as a primary cause. Specific factors include conflict involving Iran and attacks in the Red Sea. Refinery outages in Russia also contribute to the supply crunch. De Haan advises motorists to expect continued volatility in fuel markets. The data is sourced from GN auto markets/energy: gasoline prices reports.
