Gas Prices Decline for Second Straight Week

For the second straight week, AAA said that both North and South Carolina are among the nation’s top 10 least expensive markets with pump prices continuing to push cheaper. South Carolina’s average decreased by two cents, currently sitting at $1.88 – six cents cheaper than a month ago and 44 cents cheaper than a year ago. Today’s national average is down a penny from last Monday to $2.17 – two cents less than last month and 49 cents cheaper than a year ago. Additionally, while Hurricane Isaias did not disrupt gas prices, the 2020 hurricane season has not hit its peak yet. Major storms and hurricanes that take crude and gasoline infrastructure and refineries offline have the largest impact on gas prices. Since the U.S. gasoline supply is plentiful, if a major storm or hurricane does hit, it will be a matter of short-term shortages and how quickly gasoline stocks can get to areas of need.