South Dakota gas prices continue to inch downward

South Dakota’s statewide average price for regular self-serve gasoline today is $3.66 per gallon, four cents lower than one week ago, according to AAA South Dakota.

Today’s national average gas price is $3.54, the fourth highest price for this calendar date behind 2008 ($3.80), 2012 ($3.69) and 2011 ($3.61). The nationwide average stands seven cents below the price a week ago and has now declined for 23 of 25 days, including a current streak of 12 consecutive days. During this 25-day stretch, the national average has fallen 13 cents, partially offsetting the nearly 20-cent jump in the national average from July 7-19.

Today’s national price is 16 cents below that of Aug. 13, 2012. Last Tuesday, August 6, marked the first time since June 1 that U.S. motorists enjoyed a year-over-year savings at the pump.

Where gas prices go from here depends on possible hurricanes in the Gulf and whatever refinery problems pop up because of them.

After a day with no clear direction, West Texas Intermediate settled at $106.11, up 14 cents per barrel at the close of formal trading yesterday on the NYMEX.

A not-for-profit organization, AAA South Dakota serves its 91,400 members across South Dakota with emergency help on the road, auto travel assistance and a wide range of personal insurance, travel, financial and automotive services through branch offices, and the Internet at AAA.com.

 

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