WNIJ's Gas Price Monday

Jerome Frank
July 25, 2017

The price of oil rose Monday morning to $46.37, following news that Saudi Arabia pledged to lower crude exports and Nigeria plans to limit its production.

Prices could increase by 3 to 4 cents this week alone, and continue to rise through Labor Day.

"Consumers saw a sudden swing at the pump last week as summer demand soars and crude inventories declined", said Mark Jenkins, a spokesman for AAA. Most prices are between $1.99 to $2.40, according to AAA, as 7 percent of Georgia gas stations have regular unleaded selling for less than $2 a gallon.

Gasoline prices across SC continue a gradual mid-summer rise after reaching a low for the year earlier this month, but the Palmetto State continues to offer the cheapest fuel in the nation. That's seven cents below the national average for regular unleaded of $2.28. This compares with the national average, which has increased 2.1 cents in the past week to $2.27.

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Motorists will find the cheapest fuel in the Greenville-Spartanburg area, where the average price on Monday stood at $1.95 a gallon, according to AAA.

Industry analyst Trilby Lundberg says everyone in the country is seeing a slight rise in gas prices.

On average, South Florida has the highest gas prices in the Sunshine State with motorists in the West Palm Beach-Boca Raton area paying $2.29, the highest regional average in the state.

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