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Tuesday, 19 July 2022 11:20

South Carolina First State to See Average Gas Price Drop Below $4 Per Gallon

Written by Jon Styf, The Center Square

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South Carolina became the first state to have its average gas price drop below $4 per gallon, according to data from AAA.

South Carolina’s average dipped to $3.99 on July 19, with the next lowest states being Texas ($4.00), Georgia ($4.01), Mississippi ($4.03), Louisiana ($4.06) and Tennessee ($4.08).

 

The national average is $4.50.

 

"Global economic headwinds are pushing oil prices lower and less expensive oil leads to lower pump prices," said Andrew Gross, AAA spokesperson. "And here at home, people are fueling up less, despite this being the height of the traditional summer driving season. These two key factors are behind the recent drop in pump prices."

 

The average price is down from a high of $4.61 on June 12 and $4.16 on July 11, while the average price in the state was $2.91 a year ago.

 

The average price in Charleston was $4.08 on July 19, while it was $3.88 in Columbia, $3.92 in Greenville, $3.97 in Myrtle Beach and $4.27 in the Hilton Head/Blufton area.

 

Gas Buddy analyst Patrick De Haan tweeted that his company’s data showed South Carolina as the first with an average under $4 on July 17, with Texas going below the number July 18.

 

"We’ve seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we’ve seen in years," De Haan wrote. "This trend is likely to reach a sixth straight week, with prices likely to fall again this week. Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99/gal by mid-August."

 

South Carolina has the lowest average price of gas in the country despite...


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