Gas prices rise 50 cents in Sioux Falls in past month, rise 8 ce - KSFY News - Sioux Falls, SD News, Weather, Sports

Gas prices rise 50 cents in Sioux Falls in past month, rise 8 cents in last week

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Recently, gas prices have gone nowhere but up, rising more than 50 cents per gallon in the last month in Sioux Falls.

According to GasBuddy.com, the average retail price of gasoline in Sioux Falls is 8.4 cents per gallon more than last week, averaging $3.84 per gallon. The national average increased 2.9 cents per gallon last week to $3.72 per gallon.

GasBuddy reports the average price of gasoline per gallon in Sioux Falls is 21.1 cents higher than the same day a year ago and 52.2 cents per gallon more than a month ago. Meanwhile, the national average has increased 42 cents per gallon in the last month and is 9 cents higher than this time a year ago.

According to GasBuddy, the rise in gas prices could be leveling off. GasBuddy data showed the national average rising for 32 consecutive days- starting January 20 at $3.265 per gallon and ending February 21 at $3.733 per gallon.

"The streak is over," GasBuddy.com Senior Petroleum Analyst Patrick DeHaan said in news release. "The tide has now turned and the national average has dropped two days straight. This is certainly excellent news for disillusioned motorists- but I would caution them not to get overly thrilled as prices may linger near these levels for some time."

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