CHARLESTON, SC (WCSC) - The average price of a regular gallon of gasoline fell 6 cents over the past two weeks, to $2.95.
That's the first drop in nearly four months.
The lowest average gas price recorded in the contiguous 48 states was $2.44 a gallon in Charleston, South Carolina. The highest was $3.79 in the San Francisco Bay Area.
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Gasoline prices in South Carolina have fallen 4.0 cents per gallon in the past week, averaging $2.49/g yesterday, according to GasBuddy's daily survey of 3,028 stations in South Carolina.
Average gasoline prices on June 25 in South Carolina have ranged widely over the last five years:
- $1.93/g in 2017
- $2.00/g in 2016
- $2.45/g in 2015
- $3.39/g in 2014
- $3.23/g in 2013.
As of Monday, the average price for gas in Spartanburg was $2.43, down 5.3 cents from the previous week. In Augusta, the price was $2.55, down 4.1 cents from the previous week. In Columbia, the average per-gallon price was $2.47, down 4.3 cents from the previous week.
Industry analyst Trilby Lundberg warns that the decline could be temporary, however.
Lundberg said Sunday that oil prices recently rose $3 per barrel after OPEC said it is limiting oil production. She says it's likely that will lead to increased prices at the pump in the weeks ahead.
The average price for diesel fuel fell 2 cents, to $3.24.