Myrtle Beach gas prices drop 10 cents per gallon since last week

MYRTLE BEACH, SC – Average retail gasoline prices in Myrtle Beach have fallen 10.9 cents per gallon in the past week, averaging $1.97/g yesterday, according to GasBuddy’s daily survey of 197 gas outlets in Myrtle Beach. This compares with the national average that has fallen 12.8 cents per gallon in the last week to $2.47/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Myrtle Beach during the past week, prices yesterday were 120.6 cents per gallon lower than the same day one year ago and are 32.1 cents per gallon lower than a month ago. The national average has decreased 19.5 cents per gallon during the last month and stands 96.4 cents per gallon lower than this day one year ago.

“Nationally, gas prices saw their largest weekly drop of the year,” said Patrick DeHaan, GasBuddy senior petroleum analyst. “Prices moved lower in all but one state, Utah, with plunges at the pump throughout the Great Lakes as a result of BP’s Whiting, Indiana refinery coming back online. The national average now stands at its lowest point since April, a fitting way to close out the summer driving season with Labor Day approaching. While oil prices rallied late last week, I don’t yet expect it to impact pump prices, as they still have some catching up to do with the drop in crude oil prices. Since June 30, oil prices have fallen 23% while retail gasoline prices have fallen about half that amount, so gasoline prices will move lower again this week,” DeHaan said.

—Information in this article is from a submitted Press Release.

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