Gas prices fall less than a cent over weekend

COLUMBIA, S.C. (WCIV) -- Retail prices of gasoline have fallen less than a cent over the past week, GasBuddy reported Monday.

According to the price monitoring group, average prices in South Carolina were $3.18 per gallon on Sunday. The national average is $3.26 per gallon.

"The holiday buzz is wearing off and wholesale gasoline prices have fizzled. It appears that this year there will be little change in gas prices between Christmas and mid-January, something that has only happened one out of the last seven years," said Senior Petroleum Analyst Patrick DeHaan. "Gasoline inventories have rebounded sharply in the past several weeks, certainly a major factor behind the relatively stable gasoline prices. It's hard for prices to rally with the monster increases in supply we've been seeing."

According to GasBuddy, prices are 3.1 cents per gallon lower than the same day a year ago and 15.5 cents higher than one month ago.{}