South Carolina – With Thanksgiving now firmly in the rearview mirror, gas prices across the country and in South Carolina rose one week into December.
According to GasBuddy on Monday, South Carolina gas prices went up 3¢ in the past week, with the cost per gallon now averaging $1.90.
Similarly, the national average jumped 3.5¢ over the same time period, settling at an average of $2.16.
“With oil’s rally to a new COVID-19 high-water mark, gas prices have begun to follow, even as gasoline demand crumbles to some of the lowest levels in months,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Optimism continues to propel oil markets higher, led by positive news on a COVID-19 vaccine, but should anything change timing wise, we could a reversal, but for now it remains full steam ahead with markets focused on the promise of oil and gasoline demand rising, or the best potential outcome of the situation. Should the hype be overblown, a correction could happen in the weeks or months ahead. For now, motorists may see more volatility in oil markets then we’ve seen in months.”
GasBuddy found that the cheapest station in South Carolina was priced at $1.56 per gallon, while the most expensive gallon of gas in the Palmetto State would cost you $2.33.