Officials warn Americans to brace for $3/gal. gas

VIDEO: Americans should prepare for $3/gal. gasoline, report says

CHARLESTON, S.C. (WCSC) - South Carolina gas prices have risen 2.2 cents per gallon in the past week.

GasBuddy‘s daily survey of 3,028 stations in South Carolina says prices are averaging at $2.60 per gallon. The organization also says gas prices in South Carolina are 0.8 cents per gallon higher than a month ago and stand $1.03 per gallon higher than a year ago.

The cheapest station in South Carolina is reportedly priced at $2.30 per gallon Monday, while GasBuddy price reports say the most expensive is $3.31 per gallon. This shows a difference of $1.01 per gallon across the state.

GasBuddy also says the national average price of gasoline has risen 0.7 cents per gallon in the last week and is averaging at $2.89 per gallon Monday. The national average is up 1.8 cents per gallon from a month ago and stands $1.13 per gallon higher than a year ago, price reports say.

“The nation’s gas prices perked up again last week as oil prices advanced to fresh multi-year highs on Covid improvements overseas and the switch to summer gasoline, which is basically now complete,” GasBuddy Head of Petroleum Analysis Patrick De Haan said. “Last week saw the national average hit its highest level in two years, and with continued recovery in gasoline demand, the increase in price is likely to continue into the future. Americans may now want to brace themselves for the possibility of a $3/gal national average in the weeks ahead, as demand remains strong as Americans take to the roads. The question going forward is how much demand will continue to recover and rise- will it lead to record summer gasoline demand? We indeed may see some weeks with new records as Americans get in their cars this summer- but the question is how many will do so? That will determine how much higher prices will go.”

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