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SD Weekly Gas Price Update

SD Weekly Gas Price Update

South Dakota gas prices hold relatively stable over past week


News Staff - January 13, 2020

UNDATED - South Dakota gas prices have risen 0.5 cents per gallon in the past week, averaging $2.44/g today, according to GasBuddy's daily survey of 628 stations. Gas prices in South Dakota are 1.9 cents per gallon lower than a month ago and stand 28.1 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in South Dakota is priced at $2.24/g today while the most expensive is $2.98/g, a difference of 74.0 cents per gallon. The lowest price in the state today is $2.24/g while the highest is $2.98/g, a difference of 74.0 cents per gallon. The cheapest price in the entire country today stands at $0.65/g while the most expensive is $4.99/g, a difference of $4.34/g.

The national average price of gasoline has fallen 1.8 cents per gallon in the last week, averaging $2.57/g today. The national average is up 0.6 cents per gallon from a month ago and stands 33.2 cents per gallon higher than a year ago.

Historical gasoline prices in South Dakota and the national average going back ten years:
January 13, 2019: $2.16/g (U.S. Average: $2.24/g)
January 13, 2018: $2.40/g (U.S. Average: $2.53/g)
January 13, 2017: $2.32/g (U.S. Average: $2.34/g)
January 13, 2016: $1.85/g (U.S. Average: $1.95/g)
January 13, 2015: $1.96/g (U.S. Average: $2.11/g)
January 13, 2014: $3.11/g (U.S. Average: $3.31/g)
January 13, 2013: $3.07/g (U.S. Average: $3.30/g)
January 13, 2012: $3.24/g (U.S. Average: $3.39/g)
January 13, 2011: $3.08/g (U.S. Average: $3.07/g)
January 13, 2010: $2.71/g (U.S. Average: $2.74/g)

Neighboring areas and their current gas prices:
Sioux Falls- $2.42/g, down 1.4 cents per gallon from last week's $2.44/g.
North Dakota- $2.47/g, up 2.4 cents per gallon from last week's $2.45/g.
Nebraska- $2.50/g, down 0.4 cents per gallon from last week's $2.50/g.

"With Iran and the United States de-escalating rising tensions last week, oil prices plummeted back under $60 per barrel, a welcome sign for motorists who had believed gas prices were about to shoot up. For now, the reduced tensions may lead gas prices to again begin falling in most states over the next few weeks before seasonal factors then again push prices back up," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "We have a closing window of opportunity that will last about four more weeks in which we could see falling prices as demand for gasoline weakens, but by mid-February, that trend may wrap up. I don't expect to see prices fall more than 10-20 cents by then, but some clearance sales may happen in early February as refiners begin seeing challenges getting rid of the gasoline they're forced to produce. Bottom line: enjoy the falling prices while they last and cross your fingers that tensions continue to cool between the U.S. and Iran."

 



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