MORNING HEADLINES | Average gasoline prices in South Carolina have risen 1.6 cents per gallon in the last week, averaging $3.79 per gallon today, according to GasBuddy‘s survey of 3,028 stations in South Carolina.
Experts say gas prices dipped slightly after President Donald Trump announced a ceasefire in the Middle East, but a breakdown in talks and renewed escalation over the weekend have prices going back up.
“The move toward a full blockade of the Strait of Hormuz is compounding global supply concerns and risks further disrupting flows, which pushed oil prices sharply higher in Sunday night trading,” GasBuddy’s head of petroleum analysis Patrick De Haan said in a Monday morning press release.
“As a result, gasoline prices are likely to jump again this week, with diesel expected to follow, until there is a meaningful restoration of shipping through the Strait.”
Prices in South Carolina are 42.2 cents per gallon higher than the same time last month and stand $1.07 per gallon higher than the same time last year. The national average price of diesel has increased 4.1 cents compared to a week ago and stands at $5.617 per gallon.
According to GasBuddy price reports, the cheapest station in South Carolina was priced at $3.49 per gallon yesterday while the most expensive was $4.69 per gallon, a difference of $1.20.
Records show that this year’s April prices are the highest in the last five years. The previous peak was in 2022 at $3.68 per gallon, and the lowest point in the last five years was in 2021 at $2.59 per gallon.
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