Gas prices less draining on wallets this week
Published 9:34 am Tuesday, February 21, 2023
- gasoline pump in car nozzle at gas station
Mississippi’s average gasoline prices have fallen 5.1 cents per gallon over the past week, averaging $2.97 per gallon Monday. The data comes from GasBuddy’s survey of 2,104 stations across the state.
Prices are 4.0 cents lower than one month ago and 20.2 cents per gallon less than one year ago. The cheapest station in Mississippi was $2.64 Sunday and the most expensive was $3.3.9, a difference of 75 cents per gallon.
The national average price has not changed in the past week, averaging $3.37 Monday. This average is down 2.7 cents per gallon from one month ago and 14.5 cents less than one year ago.
Historical gas prices in Mississippi and the national average over the past 10 years on Feb. 20:
2022: $3.17/g (U.S.: $3.52/g)
2021: $2.25/g (U.S.: $2.64/g)
2020: $2.11/g (U.S.: $2.46/g)
2019: $2.07/g (U.S.: $2.38/g)
2018: $2.25/g (U.S.: $2.52/g)
2017: $2.07/g (U.S.: $2.28/g)
2016: $1.52/g (U.S.: $1.71/g)
2015: $2.11/g (U.S.: $2.27/g)
2014: $3.16/g (U.S.: $3.38/g)
2013: $3.62/g (U.S.: $3.77/g)
“Motorists across many areas of the country have seen gas prices inching down for another week, while some states have moved higher. We’ve seen some refinery challenges in pockets of the country, while others are starting the transition to summer gasoline, weighing on prices. For diesel, the outlook remains bright with prices continuing to fall, ” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Oil prices have softened over the last week, helping to limit any upside at the pump, with strong economic data leading to concern that the Fed will continue to use interest rates to slow the economy. This could weaken demand as we head into the peak summer driving season. For diesel, the great news is that the most common price in the U.S. for diesel is now $3.99 per gallon, with average prices continuing to drop. In the next couple of weeks, diesel will finally flip to deflationary compared to a year ago, which is excellent news for the economy.”