Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

Warning: mysqli::mysqli(): (HY000/2003): Can't connect to MySQL server on '172.16.12.170' (111) in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 583

Warning: mysqli::select_db(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 585

Warning: mysqli::query(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 586

Warning: mysqli::close(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 590

4-Traders Homepage  >  Shares  >  Nyse  >  Wal-Mart Stores, Inc.    WMT


Warning: mysqli::mysqli(): (HY000/2003): Can't connect to MySQL server on '172.16.12.170' (111) in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 583

Warning: mysqli::select_db(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 585

Warning: mysqli::query(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 586

Warning: mysqli::close(): Couldn't fetch mysqli in /var/www/surperformance/www.zonebourse.com/include/outils/mysqlzb.inc.php on line 590
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Wal Mart Stores : Local gas prices higher than in rest of state

09/04/2015 | 07:21pm US/Eastern

Sept. 04--Beaufort County was one of the priciest places to buy gas in South Carolina this summer.

Last month, average prices in Bluffton and Hilton Head Island were 20 to 30 cents more per gallon compared to the state average, according to data from gasbuddy.com. Filling up a 15-gallon tank in most areas in Beaufort county on Friday, for example, cost at least $4.50 more than in Columbia.

Competition is the key to explaining prices at the pump, said Jeffrey Pelton, a senior petroleum analyst at GasBuddy.com who worked in pricing at Hess gas stations for 10 years.

"When we priced our gas stations, the first thing (we) looked at was the local competition within two to three miles," Pelton said.

Large chain stores such as Costco, Sam's Club and Walmart are some of the most competitive retailers, Pelton said.

"They will actually lose money on gasoline to drive people into stores. So they can really change local prices," Pelton said.

Although Beaufort County has two Walmarts and a Sam's Club, it's offset by the rush of tourists. They drive up prices, especially on major roads and near attractions, experts say.

"Any time you have a travel destination, prices tend to be higher," AAA Carolinas spokesperson Tiffany Wright said. "That's why you see Charleston and Hilton Head with high prices and a place like Spartanburg with the lowest. There are less people with an incentive to buy there."

District 45 candidate residence map:

Despite the price difference in Beaufort County, prices are still headed for historic lows in Beaufort County and across the state.

"You have to remember the big picture," Wright said. "In South Carolina, you are saving $1.10 to $1.15 more per gallon than you did last year."

South Carolina also regularly has some of the lowest average gas prices in the nation because of its lowest-in-the-nation gas tax. South Carolinians pay only 35 cents on the gallon in taxes compared to the U.S. average of about 49 cents.

Prices are expected to continue dropping 10 to 12 cents per gallon each month into the winter, Pelton said.

"In South Carolina you could be looking at really surprising prices by Christmas," Pelton said.

South Carolina is expected to see averages of about $1.50 a gallon, Pelton predicted, with some areas of the state paying just $1.30.

"(Because of) the amount of money people should have saved, we should expect some better Christmas presents this year," Pelton said.

Follow reporter Erin Heffernan at twitter.com/erinheff.

___

(c)2015 The Island Packet (Hilton Head, S.C.)

Visit The Island Packet (Hilton Head, S.C.) at www.islandpacket.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

React to this article
Latest news on WAL-MART STORES, INC.
07:21p WAL MART STORES : Local gas prices higher than in rest of state
06:05p WAL MART STORES : DA releases findings in Hope Mills Walmart rezoning probe
01:18p WAL MART STORES : Making Star City more pedestrian friendly a work in progress
01:16p WAL MART STORES : Changes coming to Niles Walmart
01:10p COMCAST : The Ripon Society - Event
12:22p U.S. labour market shows some muscle despite slower job growth
12:20p U.S. labor market shows some muscle despite slower job growth
11:22a WAL MART STORES : BRIEF: Walmart construction delayed again
10:51a SEAS HLDG : Sears struggling but gaining ground as back-to-school retailer
08:33a WAL MART STORES : County staff to submit report on Eldersburg Walmart rezoning
Advertisement
Chart
Duration : Period :
Wal-Mart Stores, Inc. Technical Analysis Chart | WMT | US9311421039 | 4-Traders
Income Statement Evolution
More Financials