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South Dakota gas prices drop 4-cents over past week.

South Dakota gas prices drop 4-cents over past week

UNDATED – Average gasoline prices in South Dakota have fallen 4.1 cents per gallon in the last week, averaging $3.24/g today, according to GasBuddy’s survey of 628 stations in South Dakota. Prices in South Dakota are 9.6 cents per gallon lower than a month ago and stand 13.3 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.6 cents in the last week and stands at $3.90 per gallon.

According to GasBuddy price reports, the cheapest station in South Dakota was priced at $2.98/g yesterday while the most expensive was $3.79/g, a difference of 81.0 cents per gallon. The lowest price in the state yesterday was $2.98/g while the highest was $3.79/g, a difference of 81.0 cents per gallon.

The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $3.58/g today. The national average is down 3.7 cents per gallon from a month ago and stands 6.1 cents per gallon 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:
May 13, 2023: $3.38/g (U.S. Average: $3.52/g)
May 13, 2022: $4.12/g (U.S. Average: $4.44/g)
May 13, 2021: $2.84/g (U.S. Average: $3.03/g)
May 13, 2020: $1.62/g (U.S. Average: $1.86/g)
May 13, 2019: $2.76/g (U.S. Average: $2.86/g)
May 13, 2018: $2.68/g (U.S. Average: $2.86/g)
May 13, 2017: $2.35/g (U.S. Average: $2.33/g)
May 13, 2016: $2.16/g (U.S. Average: $2.22/g)
May 13, 2015: $2.51/g (U.S. Average: $2.67/g)
May 13, 2014: $3.49/g (U.S. Average: $3.64/g)

Neighboring areas and their current gas prices:
Sioux Falls- $3.17/g, down 3.5 cents per gallon from last week’s $3.21/g.
North Dakota- $3.29/g, down 3.8 cents per gallon from last week’s $3.32/g.
Nebraska- $3.29/g, down 1.9 cents per gallon from last week’s $3.31/g.

“While pump prices haven’t exactly plummeted, we’ve seen the average price of gasoline drop in a majority of states over the last week as refineries finish maintenance and ramp up output of products like gasoline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With gas prices now nearing a 10-cent drop to the high we saw a few weeks ago, the future looks good as we get closer to Memorial Day; price drops could potentially accelerate after last week’s jobs data shows the economy continues to cool off. While gas prices stand slightly above where they were last year, I expect most Americans will see prices fall before the holiday weekend, and I’m optimistic the trend could extend into June and beyond. I’m excited to say it does appear that for now, the worst is behind us.”

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