Gas prices on the way down, but “it could be short lived”
RAPID CITY, S.D. (KEVN) - Gas prices were rising fast for a good chunk of time, but seem to be on their way down. Something AAA calls a roller coaster ride for this last month.
Currently prices are down eight cents in South Dakota compared to this past week, and twice that number lower when looking back to last month. But, if you brought it back an entire year, we’re about a dollar up.
The cheapest gas station in South Dakota was reported by Gas Buddy to be at three $3.29 a couple days ago, where the highest was $4.44.
AAA attributed the dropping prices to lower crude oil costs, and reserves hitting the market.
Unfortunately they don’t think the trend down will last too long, because summer gas is more expensive to make and tourism drives up demand.
”So,” explains Rhonda Keller, South Dakota AAA’s District Director, “with demand and the cost of it being at higher cost to make, it could be short lived. But, we honestly don’t know for now, but be prepared.”
Keller says those higher summer gas prices run from June 1 through September 30. While it may be more expensive, she says cars tend to run more efficiently with that type of fuel.
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