Gas price almost under $4 a gallon on average in Columbia SC again. How much more could it drop?
Regular gasoline dropped to $4.05 a gallon on average in Columbia Tuesday morning and could drop more throughout the week.
According to AAA South Carolina, Columbia’s average gas price has dropped $0.54 from a month ago and $0.13 in the last week alone. It’s part of a downward trend across the U.S. following record-high price increases much of this year.
“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “We may see the trend last a fifth week, as long as oil prices remain cooperative and don’t surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong.
De Haan added that Americans have spent $140 million less on gasoline every day than they did a month ago.
For South Carolina, regular gasoline cost $4.16 a gallon on average Tuesday morning, down $0.44 from a month ago.
The national average is currently $4.65 a gallon.
“But we’re not completely out of the woods yet – we could also see a sharp reversal in the decline,” De Haan said. “There remains the risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue.”
Here’s where to find the cheapest gas in Columbia on Tuesday, according to GasBuddy.
- Sam’s Club at 350 Harbison Blvd: $3.75 a gallon
- Sam’s Club at 5426 Forest Drive: $3.79 a gallon
- Murphy Express at 7302 Broad River Road: $3.81
- Murphy Express at 3000 Two Notch Road: $3.83
- Murphy USA at 1330 Bush River Road: $3.83
- Murphy Express at 201 Bush River Road: $3.86
- Circle K at 6122 Garners Ferry Road: $3.86
- Murphy USA at 10058 Two Notch Road: $3.87
