Myrtle Beach gas prices drop after steady increases

MYRTLE BEACH, SC (WMBF) - Gas prices in Myrtle Beach are back down after two weeks of increases.

Prices in the city are down 9.6 cents per gallon in the last week, averaging $3.09 per gallon, according to GasBuddy.

That’s 5.7 cents per gallon lower than they were a month ago.

Gas prices were up 7.7 cents last week and up 3.2 cents the previous one.

The cheapest gas in Myrtle Beach now was priced at $2.89 per gallon on Sunday, and the most expensive was $3.39 per gallon.

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Gas prices in South and North Carolina remained similar, only dropping a couple of cents.

South Carolina is now at $3.23 per gallon, and North Carolina is now at $3.35 per gallon.

Nationally, the average price did jump 4.3 cents in the past week for an average of 3.64 cents per gallon, an almost 11-cent increase in the past month.

“As the nationwide changeover to summer gasoline is now behind us, at least one of the three factors that had been actively causing prices to rise in the last couple of months is behind us,” Patrick De Haan, head of petroleum analysis at GasBuddy, said. “However, it may take time for the largest pain point to be over: refinery maintenance. The next few weeks should see many refineries wrapping up their work, and gasoline output should rise, putting downward pressure on gasoline prices soon.”

De Haan said he’s hopeful many Americans will soon see relief at the pump.

“While Israel’s retribution on Iran was somewhat surprising, it was also measured, with Iran virtually not even mentioning it publicly. As such, the price of oil has moved slightly lower, following the de-escalation that now appears to be taking place.”

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