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SD Weekly Gas Price Report

SD Weekly Gas Price Report
South Dakota gas prices hold steady over past week
News Staff - February 6, 2017

UNDATED - Average retail gasoline prices in South Dakota have not moved  in the past week, averaging $2.29/g yesterday, according to GasBuddy's daily survey of 628 gas outlets in South Dakota. This compares with the national average that has fallen 0.7 cents per gallon in the last week to $2.26/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in South Dakota during the past week, prices yesterday were 60.1 cents per gallon higher than the same day one year ago and are 1.9 cents per gallon lower than a month ago. The national average has decreased 10.9 cents per gallon during the last month and stands 51.6 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on February 6 in South Dakota have ranged widely over the last five years:
$1.69/g in 2016, $2.00/g in 2015, $3.13/g in 2014, $3.38/g in 2013 and $3.34/g in 2012.

Areas near South Dakota and their current gas price climate:
Sioux Falls- $2.23/g, up 3.4 cents per gallon from last week's $2.20/g.
North Dakota- $2.28/g, up 1.4 cents per gallon from last week's $2.26/g.
Nebraska- $2.35/g, down 0.6 cents per gallon from last week's $2.36/g.

"Gasoline prices nationally have continued their typical seasonal trajectory lower,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. "Gasoline inventories have continued to show impressive gains lately, limiting the effects of rising oil prices on gasoline prices for the time being. While the majority of states (37) saw average gasoline prices decline, thirteen saw prices advancing, especially in the Great Lakes- thanks to the region's price cycling mechanisms. Gasoline prices should continue to remain relatively low during the next week, but Wednesday's weekly report from the Energy Information Administration will be a major key to understand when the bulk of refinery season has begun and what impact that will have on gasoline inventories."



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