KBHB BIG 81
LISTEN LIVE
Saturday Noon News Hour
12:00pm - 1:00pm
KBHB ON DEMAND
facebook

Weekly Gas Price Update

Weekly Gas Price Update

South Dakota gas prices nearly steady over past week


News Staff - June 24, 2019

UNDATED - South Dakota gas prices have fallen 0.8 cents per gallon in the past week, averaging $2.69/g today, according to GasBuddy's daily survey of 628 stations. Gas prices in South Dakota are 7.6 cents per gallon lower than a month ago, yet stand 17.2 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 $3.04/g, a difference of 75.0 cents per gallon. The lowest price in the state today is $2.29/g while the highest is $3.04/g, a difference of 75.0 cents per gallon. The cheapest price in the entire country today stands at $1.92/g while the most expensive is $5.86/g, a difference of $3.94/g.

The national average price of gasoline has fallen 2.5 cents per gallon in the last week, averaging $2.65/g today. The national average is down 19.2 cents per gallon from a month ago, yet stands 18.7 cents per gallon lower than a year ago.

Historical gasoline prices in South Dakota and the national average going back a decade:
June 24, 2018: $2.86/g (U.S. Average: $2.83/g)
June 24, 2017: $2.28/g (U.S. Average: $2.26/g)
June 24, 2016: $2.31/g (U.S. Average: $2.31/g)
June 24, 2015: $2.70/g (U.S. Average: $2.78/g)
June 24, 2014: $3.57/g (U.S. Average: $3.68/g)
June 24, 2013: $3.62/g (U.S. Average: $3.56/g)
June 24, 2012: $3.57/g (U.S. Average: $3.41/g)
June 24, 2011: $3.62/g (U.S. Average: $3.59/g)
June 24, 2010: $2.78/g (U.S. Average: $2.74/g)
June 24, 2009: $2.69/g (U.S. Average: $2.66/g)

Neighboring areas and their current gas prices:
Sioux Falls- $2.53/g, down 3.3 cents per gallon from last week's $2.57/g.
North Dakota- $2.61/g, up 0.6 cents per gallon from last week's $2.60/g.
Nebraska- $2.57/g, down 3.6 cents per gallon from last week's $2.61/g.

"For the seventh straight week, the national average price of gasoline has fallen, to a level last seen in March. But just in time for the upcoming holiday, the steak is at high risk of being broken," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "A large refinery explosion in Philadelphia last week may ultimately serve to push gasoline prices higher once we learn more details about how long that facility may be offline. For now, motorists along the East Coast may only see prices rise a few cents as a result, but could see more of a hit should the refinery be down for a long period of time. Furthermore, oil prices have rebounded notably due to increasing tensions between the U.S. and Iran and attacks in the Strait of Hormuz, a key waterway which sees over 20% of global oil supply traversing through the waterway. Whether the upcoming and likely rebound in gasoline prices sticks for long is unknown, but if tempers continue to flare between the two countries, motorists may fall victim to the rocky relationship in the form of higher gas prices. In addition, trade tensions with China have now taken a back seat, but with President Trump meeting President Xi Jinping, we may see either more upward pressure on oil if signs of a truce in trade emerge, or downward pressure if the countries move further apart."



kbhbradio.com
Phone number: 605-347-4455
E-mail: [email protected]
Address: 1612 Junction Avenue, Suite #1
Sturgis, SD 57785
  BIG 81 ON FACEBOOK
  WEATHER
  MARKET NEWS
.