MORNING HEADLINES | South Carolina gas prices rose another 4.5 cents last week to $4.08 a gallon, or about $1.30 more than this time last year, according to price tracker GasBuddy. Nationally, there was a slight decline.
The lowest Palmetto State price recorded last week was $3.59. The highest was $5.99.
“With oil holding below $100 per barrel, many Americans may see modest declines ahead for gasoline and slight drops for diesel,” GasBuddy analyst Patrick De Haan said in a Sept. 28 release.
But, he added, “The broader geopolitical situation remains fluid and could push prices in either direction with little warning, and with Trump still weighing a diesel export ban, impacts could follow.”
In related news, President Trump this weekend rejected an Iranian ceasefire plan that promised to reopen the Strait of Hormuz, a key Mideast oil shipment route whose closure has contributed to high U.S. gas prices.
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