Charleston, South Carolina – Gas prices are continuing the rising trend in February as they also follow the country’s average gas prices.
According to GasBuddy most recent weekly report, gas prices in the Palmetto State reached $3.15 per gallon on average over the last week, which is 8.6¢ more compared to the week before.
Last week, the national average gas price reached $3.42 per gallon, which is 8¢ more compared to the previous week.
“Gas prices saw their sharpest rise in months last week as oil surged to $93 per barrel, on continued concerns over Russia invading Ukraine and that there won’t be enough supply to meet demand come this summer,” said Patrick De Haan, head of petroleum analysis at GasBuddy.
“With the national average at its highest level since 2014, the news is grim: motorists should expect even more price increases, with the larger jumps coming later this spring as a confluence of seasonal factors and the potential flare up in geopolitical tensions. Ultimately, the national average could be pushed to record territory by the start of the summer driving season.”
In the first week of February, South Carolina residents were paying 15.7¢ more for a gallon of gas compared to January and 94.2¢ per gallon more expensive than at this time in 2021.