LOWCOUNTRY, S.C. (WCIV) — The average price of gas in South Carolina dropped as of Monday after President Trump signaled a potential deal may be in the works with Iran, taking some pressure off oil prices but not all.

According to GasBuddy’s survey of 3,028 stations in South Carolina, , the average price of gas in the state dropped 11.0 cents per gallon for an average of $3.63 at the pump as of Monday. This recorded price is reportedly18.8 cents per gallon higher than a month ago and 85.8 cents per gallon higher than a year ago overall, despite the current drop in prices.

Price reports from across the state show that the cheapest station in South Carolina was priced at $3.25 per gallon on Sunday, meanwhile the most expensive was priced at $5.05 per gallon, a difference of nearly $2 per gallon.

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Meanwhile the national average price of gas fell 0.8 cents per gallon in the last week, averaging approximately $4.05 per gallon as of Monday.

“Average gasoline prices were a mixed bag across the country last week as oil markets went on a wild ride, surging on geopolitical tensions before pulling back Sunday night after President Trump signaled a potential deal may be in the works,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, even as oil prices ease on deal optimism, continued Ukrainian attacks on Russian oil infrastructure are driving refined product prices higher as output plummets, keeping upward pressure on what Americans pay at the pump.

The national average is up 28.5 cents per gallon from a month ago and stands 93.6 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

“By later this week, the national average could reach its highest level ever recorded for this point in the calendar year, a sobering milestone even as prices remain well below the all-time record set in 2022. Motorists should keep a close eye on developments both in the Middle East and in Ukraine, as either front could quickly shift the outlook,” said De Haan.