Gas prices on par with state average
Published 4:00 pm Wednesday, January 26, 2022
Local gas prices reflect the state’s average fuel price this week.
A survey of 2,014 gas stations in Mississippi shows the average price per gallon of regular gasoline is $2.94. Brookhaven prices Monday ranged from $2.90 to $2.99 per gallon.
The statewide average is 2.9 cents per gallon higher than December and 86.8 cents higher per gallon than one year ago, when the state average was $2.08. The U.S. average at that time was $2.40 per gallon. The average price nationwide at the beginning of the week was $3.32.
The national average is up 3.3 cents per gallon from one month ago and 92 cents from one year ago.
On Sunday, the cheapest station in Mississippi had fuel for $2.69 per gallon and the most expensive was $3.33 — a difference of 64 cents per gallon.
The highest January 24 average price in Mississippi over the past 10 years was $3.25 in 2012. Prices dropped each subsequent year through 2016, when the Jan. 24 state average got down to $1.63 per gallon. Since then, the figure has climbed as high as $2.32 per gallon in 2018 and as low as $1.98 per gallon, in 2019.
Average price of gas per gallon in the state capital was $2.92 Monday, up from $2.90 one week ago. Louisiana’s average gas price is $3.02 per gallon, up from $2.99 one week ago.
“With oil prices remaining elevated, average gas prices inched up in most states over the last week even as gasoline demand weakened, a testament to how concerned oil markets are with unrest in oil producing nations. With all eyes on the Russia/Ukraine situation, oil will likely remain north of $80 per barrel, with additional volatility. Prices could rise even more significantly if there is any further deterioration in the situation,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “For now, I don’t expect any immediate fireworks at the pump, but the trend of rising gas prices will likely persist as worries continue to overpower weak global consumption.”