If you’ve filled up your tank or watched the news lately, you know gas prices have spiked to reach their highest level in four years. In South Carolina we are 14 cents per gallon above the lowest state of Georgia. The cheapest county in SC is Dillon at $3.77 per gallon
It’s disrupting global oil supplies, with oil prices hitting their highest level since the war began on Thursday at $126 a barrel, before dropping to around $108 on Friday.
We’re all seeing higher gas prices at the pump as a result, with the national average for a gallon of regular gas climbing to $4.43, according to fuel price tracking service GasBuddy.
- Gas prices across the country are now almost $1.50 higher than they were at the start of the war.
- Prices are up 126-cents from last year’s average of $3.172.
- Before the war, the cost of filling up a standard 18-gallon SUV tank was $52.92, when gas was $2.94 a gallon.
- Now, that same SUV tank is $79.74 to fill up, with gas at $4.43 a gallon. That’s a jump of $26.82.
- Of course, some states have it even worse. California drivers are paying just over $6 a gallon on average now, GasBuddy reports.
- Those are the most expensive gas prices nationwide.
- Hawaii is the second highest, with $5.59 a gallon, followed by Washington and Oregon.
- But some states are also paying a lot less. The cheapest gas in the country is in Georgia, where it’s just $3.80.
- Mississippi and Arkansas are a close second with $3.83.
- Economists with Moody’s Analytics predict that if prices stay at the current levels for an entire year, the average U.S. household would pay an extra $13-hundred in gas costs.
- According to a new ABC News/Washington Post/Ipsos poll, 44% of Americans have cut back on driving because of higher gas prices.
- GasBuddy warns that if the Strait of Hormuz stays blocked through Memorial Day, the national average price of gas could soar past the all-time record of $5 per gallon.
Source: Good Morning America
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