‘Incredible turnaround’: Gas prices fall almost a dime per gallon ahead of Thanksgiving holiday

CHARLESTON, S.C. (WCSC) - The average price for a gallon of regular gasoline in South Carolina dropped 8.9 cents in the past week, according to GasBuddy’s survey of more than 3,000 gas stations.

The drop places the average price for a gallon of gas in the Palmetto State at $3.17 per gallon. That’s 10.6 cents lower than one month ago and six cents higher than this time last year.

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“What an incredible turnaround in the last week. While a decline was expected in more states than last week, I didn’t expect every single state to hop on the bandwagon so quickly,” GasBuddy Head Petroleum Analyst Patrick De Haan said. “But, it’s terrific news as motorists prepare for Thanksgiving travel, with tens of thousands of stations under $3 per gallon, and thousands more to join in the next few weeks, barring a dramatic turnaround.”

The cheapest station in the state as of Sunday was selling gasoline at $2.74 per gallon while the most expensive was $3.89 per gallon, a difference of $1.15.

As of Monday morning, GasBuddy listed the lowest gas price in the Lowcountry at $2.84 per gallon in North Charleston.

The national average fell 11.9 cents per gallon last week, now averaging $3.64 per gallon.

“Everyone will be seeing relief at the pump this week, with even more substantial declines on the way as oil prices plummeted last week to briefly trade under $80 per barrel,” De Haan said. “It’s not impossible that if oil markets hold here, we could see a national average of $2.99 around Christmas, certainly the gift that every motorist is hoping for. Drivers shouldn’t be in a rush to fill up as prices will come down nearly coast-to-coast into the heavily traveled Thanksgiving holiday.”

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