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SD Weekly Gas Price Update

SD Weekly Gas Price Update

South Dakota gas prices fall 3.5 cents per gallon over past week

News Staff - September 24, 2017

UNDATED - Average retail gasoline prices in South Dakota have fallen 3.5 cents per gallon in the past week, averaging $2.48/g yesterday, according to GasBuddy's daily survey of 628 gas outlets in South Dakota. This compares with the national average that has fallen 5.5 cents per gallon in the last week to $2.55/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in South Dakota during the past week, prices yesterday were 24.7 cents per gallon higher than the same day one year ago and are 15.0 cents per gallon higher than a month ago. The national average has increased 19.6 cents per gallon during the last month and stands 34.7 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on September 25 in South Dakota have ranged widely over the last five years:
$2.23/g in 2016, $2.32/g in 2015, $3.31/g in 2014, $3.56/g in 2013 and $3.87/g in 2012.

Areas near South Dakota and their current gas price climate:
Sioux Falls- $2.47/g, down 6.0 cents per gallon from last week's $2.53/g.
North Dakota- $2.48/g, down 3.2 cents per gallon from last week's $2.51/g.
Nebraska- $2.44/g, down 4.4 cents per gallon from last week's $2.49/g.

"For the second straight week, almost every state saw average gasoline prices fall notably as refineries continue to heal after Harvey and work on restoring production of motor fuels ," said Patrick DeHaan, senior petroleum analyst for GasBuddy. "While oil prices have gained momentum in the last few weeks, it will not be enough to stymie the continued decline at gas pumps, which will bring the national average down another 5-10 cents in the week ahead. Impressively, some gas stations in areas of the Great Lakes have dropped their prices by as much as 30-65 cents per gallon in the last two weeks, even as the national average has dropped just half of that, thanks to intense price wars and undercutting. But for those motorists in those states- Michigan, Indiana, Ohio and Kentucky- prices may temporarily bounce back up in the next day or two as stations reset their prices. Nationwide, many motorists have asked why all gas prices haven't come back down to pre-Harvey levels, and while the answer is complex, in short, it will take weeks or months to see gasoline inventories recover fully, but prices will continue to slowly drift lower as inventories slowly improve."

For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.

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