Cherry Road was the cheapest place in America to buy gas Friday, according to industry-tracking website, GasBuddy.com.
Two Cherry Road locations, the Walmart neighborhood market and the 7-11 near Cherry Park, sold gas for $1.69 a gallon – 80 cents below the national average of $2.49 and 35 cents below the South Carolina average of $2.04.
Walmart prices were set by the national retailer. An employee of 7-11 did not say how it reached its price, but its price for regular unleaded gas increased to $1.79 a gallon later in the day.
The average price of gas in Rock Hill was $1.935 Friday, according to GasBuddy.com. The per-gallon gasoline price averages in other areas of South Carolina were $2.011 in Spartanburg, $2.027 in Columbia and $2.038 in Greenville. The average price in Charlotte was $2.296.
At $2.038 per gallon, South Carolina also boasts the lowest statewide average in the nation as well.
Gregg Laskoski, a senior petroleum analyst with GasBuddy.com, said gas prices should continue to drop, predicting a 30 cent to 40 cent per gallon reduction is possible.
Reasons for the falling gas prices include a glut of supply in the United States and globally and the change from summer to winter-blended gasoline. The strength of the U.S. dollar is also driving down gasoline prices, Laskoski said.
Historically gas prices decline in the fall and then start to steadily increase in February, March and April and reach a high point in May when the summer-blended gasoline is available, Laskoski said.
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For a complete listing of current averages and other fuel price data, go to http://www.gasbuddy.com/