Myrtle Beach gas prices drop 14 cents; analysts anticipate prices below $3 by end of year

Published: Sep. 25, 2023 at 7:13 AM EDT|Updated: Sep. 25, 2023 at 5:45 PM EDT
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MYRTLE BEACH, S.C. (WMBF) - For the first full week of fall, drivers can look forward to lowering gas prices.

In Myrtle Beach, gas prices dropped 14.5 cents in the last week, averaging $3.27 per gallon, according to GasBuddy. The lowest gas price on Sunday was $3.09 per gallon, and the most expensive was $3.59 per gallon.

This comes after gas prices rose 15.5 cents the previous week.

But despite last week’s drop, drivers like Miriam Tucker said the prices are still too high. She said she doesn’t drive too often so she only has to fill her tank once a month.

“If it was down, I could go a little bit further than what I could do. I could go places,” Tucker said.

Christopher Kyte said he would be really happy about the gas prices when they drop even lower.

“It’s nothing to really be joyous about because it’s not back to $2 or $1,” Kyte said.

While the gas prices may not drop that low, GasBuddy analyst Patrick De Haan said Myrtle Beach might start getting closer to the numbers that drivers are used to seeing.

“It’s possible that more stations, maybe not all of them, but by the end of the year, we could see more prices below the $3 per gallon mark if things go well,” De Haan said.

De Haan added that we’re still in hurricane season, so if a storm hits an oil refinery in the Gulf of Mexico, that could drive prices back up.

Meanwhile, statewide, gas prices are down in both the Carolinas.

In North Carolina, gas prices are down 5.6 cents, averaging $3.45 per gallon. South Carolina’s gas prices are down 7.9 cents, averaging $3.31 per gallon.