Analyst: US may not see big summer price drop-off
COLUMBIA, S.C. (WCIV) -- Gas price analysts say another relatively flat week in gas prices could mean the country won't see a summertime drop-off in prices at the pump.
Average retail gas prices in South Carolina have dropped another 2.7 cents in the last week, according to gas price tracking website GasBuddy.
The average price per gallon on Sunday was $3.39 across the state. Nationally, prices fell by only 0.9 cents per gallon to a price of $3.63.
"It's been yet another boring week at the pump with gasoline prices seeing relative calm," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I don't recall the last time that the national average, which stands at nearly $3.64/gal was the same yesterday, a week ago, a month ago, and also a year ago."
Including the change in gas prices in South Carolina during the past week, prices Sunday were 19.3 cents per gallon higher than the same day one year ago and are 6.4 cents per gallon lower than a month ago.
The national average has increased 0.3 cents per gallon during the last month and stands 0.4 cents per gallon lower than this day one year ago.
"If you're a motorist, I'm not sure if seeing such duplicity is bad since prices have remained high, or good, since prices are relatively calm. While I continue to hope for an eventual drop in gasoline prices, the more I'm starting to think that we just won't see any sort of major summer decline like we have the last few years entering summer," DeHaan said.