|South Dakota gas prices fall nearly a nickel over past week
South Dakota Gas Prices
News Staff - January 30, 2017
UNDATED - Average retail gasoline prices in South Dakota have fallen 4.5 cents per gallon in the past week, averaging $2.27/g yesterday, according to GasBuddy's daily survey of 628 gas outlets in South Dakota. This compares with the national average that has fallen 3.3 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 52.1 cents per gallon higher than the same day one year ago and are 0.5 cents per gallon lower than a month ago. The national average has decreased 6.7 cents per gallon during the last month and stands 46.2 cents per gallon higher than this day one year ago.
According to GasBuddy historical data, gasoline prices on January 30 in South Dakota have ranged widely over the last five years:
$1.75/g in 2016, $1.91/g in 2015, $3.11/g in 2014, $3.24/g in 2013 and $3.23/g in 2012.
Areas near South Dakota and their current gas price climate:
Sioux Falls- $2.22/g, down 5.8 cents per gallon from last week's $2.27/g.
North Dakota- $2.27/g, down 0.9 cents per gallon from last week's $2.27/g.
Nebraska- $2.37/g, flat from last week's $2.37/g.
"For the 22nd straight day, the national average for a gallon of gasoline has dropped, the longest such streak since last summer,” said Patrick DeHaan, senior petroleum analyst for GasBuddy. "Average prices now stand at their lowest thus far in 2017 and the lowest since before Christmas, thanks primarily to weak demand for gasoline and also bulging inventories of gasoline."
"Soaking weather on the West Coast has certainly dampened motorists appetite for gasoline, while in the Midwest, weak demand has led to a surplus of winter gasoline, leading some stations in the region to offer the nation's lowest price: $1.52 can be found at a gas station in Oxford, Ohio. But before motorists celebrate such cheap gas, the sweet deal likely won't stick much longer as we've been waiting since last week to see such loss-leaders to disappear. However, we may continue to see the national average moderate during the next week, with the exception in the Great Lakes- where a price adjustment of sorts is still expected," DeHaan said.