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Weekly South Dakota Gas Price Update

Weekly South Dakota Gas Price Update

South Dakota gas prices see 2.1 cent decrease over past week


News Release - September 16, 2019

UNDATED - South Dakota gas prices have fallen 2.1 cents per gallon in the past week, averaging $2.56/g today, according to GasBuddy's daily survey of 628 stations. Gas prices in South Dakota are 9.9 cents per gallon lower than a month ago, yet stand 25.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in South Dakota is priced at $2.29/g today while the most expensive is $2.94/g, a difference of 65.0 cents per gallon. The lowest price in the state today is $2.29/g while the highest is $2.94/g, a difference of 65.0 cents per gallon. The cheapest price in the entire country today stands at $1.80/g while the most expensive is $4.99/g, a difference of $3.19/g.

The national average price of gasoline has fallen 0.4 cents per gallon in the last week, averaging $2.55/g today. The national average is down 6.5 cents per gallon from a month ago, yet stands 28.9 cents per gallon lower than a year ago.

Historical gasoline prices in South Dakota and the national average going back a decade:
September 16, 2018: $2.81/g (U.S. Average: $2.84/g)
September 16, 2017: $2.51/g (U.S. Average: $2.61/g)
September 16, 2016: $2.22/g (U.S. Average: $2.19/g)
September 16, 2015: $2.37/g (U.S. Average: $2.30/g)
September 16, 2014: $3.37/g (U.S. Average: $3.37/g)
September 16, 2013: $3.62/g (U.S. Average: $3.50/g)
September 16, 2012: $3.88/g (U.S. Average: $3.86/g)
September 16, 2011: $3.72/g (U.S. Average: $3.60/g)
September 16, 2010: $2.80/g (U.S. Average: $2.73/g)
September 16, 2009: $2.49/g (U.S. Average: $2.53/g)

Neighboring areas and their current gas prices:
Sioux Falls- $2.41/g, up 4.9 cents per gallon from last week's $2.36/g.
North Dakota- $2.55/g, down 1.4 cents per gallon from last week's $2.56/g.
Nebraska- $2.51/g, up 3.8 cents per gallon from last week's $2.47/g.

"While gas prices have drifted lower for the ninth straight week, all eyes now turn to Saudi Arabia after an attack that knocked out over 5% of global oil production and how oil prices are likely to jump as a result," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "While there is some good news that motorists should not expect a sudden and major uptick in gas prices, there may be a minor impact beginning mid-week and continuing until Saudi Arabia's state-owned oil company, Aramco, is able to restore all production. However, even after oil production levels return to normal, there is an undeniable factor that will now forever impact oil prices- and that is that Saudi Arabia's reliability and stability is no longer guaranteed, and this missile strike is evidence that perhaps one of the world's most stable oil producers may no longer be seen as stable as they were prior to this event. Motorists should stay tuned to GasBuddy for any further developments, but for now, we are not expecting this attack to lead to major price hikes. While the situation may change with Saudi Arabia, motorists are now able to fill up with cheaper winter gasoline and demand continues to seasonally weaken, perhaps softening the blow and impact of the attacks on gas prices."



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