South Carolina Drivers See Gas Price Spike

Prices up more than 30 cents over the last seven days, AAA reports.

Gas prices have risen a little more than 10 percent over the last week, mirroring a trend that's pushing a gallon of gasoline closer to $4 a gallon in many parts of the country.

In the Charleston metro, prices hover at $3.56 a gallon, according to AAA. That's pretty close to that statewide average, but it's a full 30 cents cheaper than the national average.

South Carolina, with the lowest gas tax in the nation, typically enjoys the most affordable gas prices in the country.

Gas prices have risen every day for 32 days, according to the Wall Street Journal. That brings the average gas prices to the highest level in four months.

Refineries are shutting down as they respond to slipping demand and to conver to cleaner-burning summer blends. That slip in gas supply is causing gas prices to spike slightly.

Commodity traders are also pushing prices slightly higher as an improving global economy is increasing demand for gasoline.

Gas prices are still far lower than the all-time South Carolina high of $4.12 a gallon experienced in September 2008. The national record was set in July 2008 when gas prices reached an average of $4.14 a gallon.

Mike Wilson February 19, 2013 at 02:53 PM
So frustrating to see gas prices going up more and more. The U.S. does so much helping and protecting all the countries that provide us oil/gas that they should be providing it for so much less. Our military has fought, and many have died, and yet we still get robbed with gas at near $4/gal. It's so wrong.
JoSCh February 19, 2013 at 04:46 PM
Less than 20% of our crude/petroleum comes from the middle east Mike, and even less could be if we quit allowing global corporations to export OUR resources. http://www.eia.gov/energy_in_brief/article/foreign_oil_dependence.cfm The price spikes like the one we're experiencing are artificial; driven by commodities speculation and low grade embargoes by the refineries.
Patch.com February 19, 2013 at 05:46 PM
I always wonder why we don't just drive with the summer blend all year, or maybe split the difference and drive with something slightly worse than summer and slightly better than winter. It seems like we have these spikes twice a year.


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