COLUMBIA, S.C. (WCIV) -- Gas prices in South Carolina edged down another 4 cents in the last week, according to research by gas price tracking website GasBuddy.com.
The website reports that the average gas per gallon in the Palmetto State sits at $3.09, which is 21 cents below the national average. Nationally, prices dropped 5.9 cents in the last week.
"Last week saw new downward momentum in crude prices after staying above $100 per barrel for 111 days since early July, crude prices fell below $100 and just days ago closed as low as $96 per barrel," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
Including the change in gas prices in South Carolina during the past week, prices yesterday were 13.0 cents per gallon lower than the same day one year ago and are 2.0 cents per gallon higher than a month ago. The national average has decreased 13.3 cents per gallon during the last month and stands 26.4 cents per gallon lower than this day one year ago.
"In turn, the sudden drops in crude prices have pushed gasoline futures down as well, with motorists on the winning side of this all. The national average has picked up some steam on it's downward trend and in some areas of the U.S., the wholesale price of gasoline is nearing yearly lows, which is adding up to significant savings for motorists. Americans are spending over $100 million per day less on gasoline than they did a year ago," DeHaan said.