Gas prices continue rollback after reaching all-time highs in mid June

July 26, 2022

Mike Tanner


WATERTOWN, S.D.–Gasoline prices across the country have been trending downward in July, and there was another price drop at Watertown stations Monday when pump prices dropped from $4.35 a gallon to $4.19.


AAA Auto Club reports the statewide average in South Dakota is $4.34 a gallon. That’s down from the all-time high of $4.79 a gallon reached on June 16th.


Nationally, prices are now averaging $4.32 a gallon. The high water mark of $5.01 a gallon was set on June 14th.


Industry analyst Trilby Lundberg of the Lundberg Survey says the continued decline comes as crude oil costs also fall.


“Further drops at the pump are likely as the wholesale gasoline price cuts continue making their way to street level,” Lundberg said in a statement.


The average price at the pump is down 55 cents over the past six weeks, but it’s $1.32 higher than it was one year ago.


The latest gas price information can be found by clicking here: