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Gas prices up slightly this week, drop in prices expected - Live5News.com | Charleston, SC | News, Weather, Sports

Gas prices up slightly this week, drop in prices expected

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Average gas prices in South Carolina rose about four cents per gallon over last week, according to GasBuddy.com.

The average price per gallon in the Palmetto State is $2.36, a survey of 3,028 gas stations across the state revealed. The national average also increased about four cents over the past week.

But that state average is $1.10 per gallon cheaper than the same week one year ago, GasBuddy.com found.

GasBuddy Senior Petroleum Analyst Patrick DeHaan says the rapid rise in prices over the last several weeks appears to be slowing.

"The rise in crude oil prices have been the largest explanation for the rise in gasoline prices over the past few weeks, though the increase has been enhanced in the west by refinery problems, which still pose a threat to that market," DeHaan said. "For the rest of the nation, gasoline prices may begin to decline as crude oil prices have begun dropping, and stood some $4-barrel off recent highs as of late last week."

The lowest price per gallon found in the Lowcountry is at a Summerville Sonoco station where gas is $2.23, the survey found.

Find the cheapest gas where you live here: http://bit.ly/1H9SZBE

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