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Weekly SD Gas Price Update

Weekly SD Gas Price Update

Gasbuddy Report-South Dakota gas prices rise 2.6 cents over past week

News Release - August 24, 2020

UNDATED - South Dakota gas prices have risen 2.6 cents per gallon in the past week, averaging $2.12/g today, according to GasBuddy's daily survey of 628 stations. Gas prices in South Dakota are unchanged versus a month ago and stand 52.8 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in South Dakota is priced at $1.87/g today while the most expensive is $2.51/g, a difference of 64.0 cents per gallon. The lowest price in the state today is $1.87/g while the highest is $2.51/g, a difference of 64.0 cents per gallon.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Historical gasoline prices in South Dakota and the national average going back ten years:
August 24, 2019: $2.64/g (U.S. Average: $2.59/g)
August 24, 2018: $2.82/g (U.S. Average: $2.84/g)
August 24, 2017: $2.35/g (U.S. Average: $2.35/g)
August 24, 2016: $2.26/g (U.S. Average: $2.20/g)
August 24, 2015: $2.67/g (U.S. Average: $2.60/g)
August 24, 2014: $3.44/g (U.S. Average: $3.43/g)
August 24, 2013: $3.62/g (U.S. Average: $3.53/g)
August 24, 2012: $3.75/g (U.S. Average: $3.73/g)
August 24, 2011: $3.58/g (U.S. Average: $3.57/g)
August 24, 2010: $2.73/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices:
Sioux Falls- $2.14/g, up 1.8 cents per gallon from last week's $2.12/g.
North Dakota- $2.09/g, up 0.6 cents per gallon from last week's $2.09/g.
Nebraska- $2.10/g, unchanged from last week's $2.10/g.

"All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there's ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it."

Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785