South Dakota sees gas prices skyrocket over past week

GasBuddy reportJune 6, 2022Business
courtesy photoSouth Dakota gas prices see 33-cent increase over past week

UNDATED – Average gasoline prices in South Dakota have risen 33.1 cents per gallon in the last week, averaging $4.53/g today, according to GasBuddy’s survey of 628 stations in South Dakota. Prices in South Dakota are 53.4 cents per gallon higher than a month ago and stand $1.63/g higher than a year ago. The price of diesel has risen 11.5 cents nationally in the past week and stands at $5.62 per gallon.

According to GasBuddy price reports, the cheapest station in South Dakota was priced at $4.07/g yesterday while the most expensive was $4.94/g, a difference of 87.0 cents per gallon. The lowest price in the state yesterday was $4.07/g while the highest was $4.94/g, a difference of 87.0 cents per gallon.

The national average price of gasoline has risen 26.0 cents per gallon in the last week, averaging $4.85/g today. The national average is up 56.0 cents per gallon from a month ago and stands $1.81/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in South Dakota and the national average going back ten years:
June 6, 2021: $2.90/g (U.S. Average: $3.04/g)
June 6, 2020: $1.85/g (U.S. Average: $2.02/g)
June 6, 2019: $2.75/g (U.S. Average: $2.77/g)
June 6, 2018: $2.85/g (U.S. Average: $2.94/g)
June 6, 2017: $2.36/g (U.S. Average: $2.36/g)
June 6, 2016: $2.29/g (U.S. Average: $2.36/g)
June 6, 2015: $2.63/g (U.S. Average: $2.76/g)
June 6, 2014: $3.49/g (U.S. Average: $3.66/g)
June 6, 2013: $3.81/g (U.S. Average: $3.63/g)
June 6, 2012: $3.52/g (U.S. Average: $3.56/g)

Neighboring areas and their current gas prices:
Sioux Falls- $4.53/g, up 36.8 cents per gallon from last week’s $4.16/g.
North Dakota- $4.54/g, up 29.1 cents per gallon from last week’s $4.25/g.
Nebraska- $4.59/g, up 36.5 cents per gallon from last week’s $4.23/g.

“After a blistering week of gas prices jumping in nearly every town, city, state and area possible, more bad news is on the horizon. It now appears not if, but when, we’ll hit that psychologically critical $5 national average,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Gasoline inventories continue to decline even with demand softening due to high prices, a culmination of less refining capacity than we had prior to Covid and strong consumption, a situation that doesn’t look to improve drastically anytime soon. Nine states have average gas prices that stand beyond the $5 per gallon mark, with more set to join in the days and weeks ahead. In addition, diesel prices also stand at a record high, a second gut-punch to consumers which pushes prices of most goods higher.”