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South Dakota statewide average today is at $3.112 which is 21 cents lower than one month ago. The most expensive gas in the state today can be found in Philip, $3.532 per gallon. South Dakota least expensive gas is in Piedmont, $2.739.
Gasoline prices this year will be less expensive than in 2012 as Uptempo Nike Black Grey And White
AAA Predicts Lower Gas Prices In 2013
In the first 90 days of 2012, geopolitical tensions with Iran pressured the national price at the pump almost 65 cents higher. Without a similar market moving story to begin 2013, it is likely that the year over year discount will widen in the coming months.
Today (Jan. 8, 2013) national average price for a gallon of regular gasoline is $3.30. As recently as Dec. 20, the nationwide average stood at $3.22. However, after setting new all time daily records for each calendar day since Aug. 20, the price last Saturday fell below the year ago national average. Only drivers in Hawaii pay more than $4.00 per gallon. The highest average prices in the continental United States are found in California and in the Northeast.
While retail gasoline prices are currently rising at a slower rate than they did to start 2012, the average is pressured higher by crude oil prices that have continued to slowly increase in recent weeks. At yesterday close of formal trading on the NYMEX, the price of West Texas Intermediate crude oil settled at $93.19 per barrel, up 10 cents on the day. This is the highest settlement price since Sept. Nike Uptempo Light Green
Gasoline prices should rise steadily through April or early May, but at a slower pace than last year. As is typical for this time of year, prices will rise as a result of seasonal demand increases and in anticipation of the switchover to more expensive summer blend gasoline. Following a late spring peak, national price averages should drop during the first half of the summer to as low as $3.20 $3.40 per gallon before rising again in advance of the Gulf Coast hurricane season and the switchover to winter blend gasoline. Prices should end the year by falling to low or near low averages for 2013. economy. Stronger than expected growth in the economy would Nike Uptempo Infrared result in higher oil and gasoline prices in anticipation of higher consumption, while a weaker than expected economy would drive prices downwards. economy and could lead to lower gasoline prices.
increased domestic oil production and lower demand, according to AAA. The national average price of gasoline should peak at $3.60 $3.80 per gallon barring any significant unanticipated events, which compares to a peak of $3.94 a gallon in 2012.
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18, but is still well below the 2012 high of $109.77 per barrel registered on Feb. 24.
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