South Dakotans are paying about 51 cents more per gallon than they were a year ago, according to GasBuddy. Analysts say global volatility is driving the increase, even after a ceasefire announcement involving the U.S. and Iran. Conflicting statements from both sides have left uncertainty over whether traffic through the Strait of Hormuz—a major chokepoint for global oil supply—is fully open.
GasBuddy’s Patrick De Haan says the rapid swings in escalation and de-escalation make it difficult to predict what fuel prices will look like this summer.
