KBHB BIG 81
LISTEN LIVE
KBHB Music Vault 8:00pm - 11:59pm
KBHB ON DEMAND
facebook

News Article

SD Weekly Gas Price Update

SD Weekly Gas Price Update
South Dakota gas prices fall nearly a penny over past week
News Staff - May 1, 2017

UNDATED - Average retail gasoline prices in South Dakota have fallen 0.9 cents per gallon in the past week, averaging $2.35/g yesterday, according to GasBuddy's daily survey of 628 gas outlets in South Dakota. This compares with the national average that has fallen 3.7 cents per gallon in the last week to $2.38/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in South Dakota during the past week, prices yesterday were 22.4 cents per gallon higher than the same day one year ago and are 7.7 cents per gallon higher than a month ago. The national average has increased 5.1 cents per gallon during the last month and stands 15.9 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 1 in South Dakota have ranged widely over the last five years:
$2.13/g in 2016, $2.41/g in 2015, $3.54/g in 2014, $3.42/g in 2013 and $3.72/g in 2012.

Areas near South Dakota and their current gas price climate:
Sioux Falls- $2.27/g, down 2.8 cents per gallon from last week's $2.30/g.
North Dakota- $2.31/g, down 2.7 cents per gallon from last week's $2.33/g.
Nebraska- $2.34/g, down 1.5 cents per gallon from last week's $2.36/g.

"An oversupply of gasoline as refiners ramp up production will continue to exert downward pressure on prices at the pumps. The national average gasoline price of $2.35 per gallon is a mere 14 cents higher than a year ago, down from a gap of nearly 40 cents just months ago," said Dan McTeague, GasBuddy senior petroleum analyst. "The expected bump in fuel demand doesn't seem to be coming, leaving refineries with a lot of inventory that has yet to find a market. Gas prices appear poised to drop yet again this week."



kbhbradio.com
Phone number: 605-347-4455
E-mail: info@kbhbradio.com
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS