Gas prices on the rise – Colonial cyber attack may cause problems

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Greenville gas prices have risen 10.5 cents per gallon in the past week, averaging $2.61/g today, according to GasBuddy’s daily survey of 452 stations in Greenville. Gas prices in Greenville are 18.5 cents per gallon higher than a month ago and stand $1.15/g higher than a year ago. The effects of the cyber attack on the Colonial Gas pipe line have yet to be seen.
As of Monday, according to GasBuddy price reports, the cheapest station in Greenville is priced at $2.44/g today while the most expensive is $2.69/g, a difference of 25.0 cents per gallon. The lowest price in the state today is $2.43/g while the highest is $3.01/g, a difference of 58.0 cents per gallon.

The national average price of gasoline has risen 4.5 cents per gallon in the last week, averaging $2.95/g today. The national average is up 10.0 cents per gallon from a month ago and stands $1.12/g higher than a year ago.

One year ago, May 10, 2020, Greenville gas price was $1.46/g; the U.S. average: $1.83/g.
May 10, 2019: $2.44/g (U.S. Average: $2.86/g)
May 10, 2018: $2.52/g (U.S. Average: $2.86/g)
May 10, 2017: $1.95/g (U.S. Average: $2.33/g)
May 10, 2016: $1.98/g (U.S. Average: $2.20/g)

On May 10, 2015, local gas was $2.33/g (U.S. Average: $2.66/g)
May 10, 2014: $3.43/g (U.S. Average: $3.66/g)
May 10, 2013: $3.22/g (U.S. Average: $3.56/g)
May 10, 2012: $3.41/g (U.S. Average: $3.73/g)
May 10, 2011: $3.71/g (U.S. Average: $3.95/g)

Neighboring areas and their current gas prices:
Spartanburg- $2.59/g, up 3.5 cents per gallon from last week’s $2.56/g.
Charlotte- $2.70/g, up 6.5 cents per gallon from last week’s $2.63/g.
Asheville- $2.79/g, up 3.0 cents per gallon from last week’s $2.76/g.

“While average gas prices jumped last week as the nation continues to see COVID-19 recovery, all eyes are now on the Colonial Pipeline and the fact a cyberattack has completely shut all lines, leading to what could become a major challenge for fuel delivery,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The situation is growing more intense each day that passes without the pipeline restarting, and motorists are advised to show extreme restraint or exacerbate and prolong the challenges. If the pipeline returns to service in the next day or two, the challenges will be minimal, but if full restart doesn’t happen by then, we’re likely to see a slight rise in gas prices, but more importantly, challenges for motorists needing fuel in Georgia, Tennessee, the Carolinas, Virginia, Northern Florida and surrounding areas. I’m hopeful the situation will quickly improve as multiple levels of government are involved, this may become a nightmare should it continue just ahead of the start of the summer driving season. GasBuddy will continue to watch the situation and update as necessary.”

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA’s once daily survey covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas stations, GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://FuelInsights.GasBuddy.com.