Gasoline prices jump at the pump

Published 8:59 am Monday, March 13, 2023

Average gasoline prices in Mississippi have jumped 8.5 cents per gallon in the past week, averaging $2.99 per gallon Monday, according to GasBuddy’s survey of 2,014 stations in Mississippi.

Prices in Mississippi are 3.1 cents per gallon lower than a month ago and stand 100.1 cents per gallon lower than a year ago. The national average price of diesel has fallen 4.1 cents in the last week and stands at $4.30 per gallon.

According to GasBuddy price reports, the cheapest station in Mississippi was priced at $2.69/g Sunday while the most expensive was $3.39/g, a difference of 70.0 cents per gallon.

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The national average price of gasoline has risen 8.0 cents per gallon in the past week, averaging $3.44/g today. The national average is up 7.1 cents per gallon from a month ago and stands 87.7 cents per gallon lower 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.

Historical gasoline prices in Mississippi and the national average going back 10 years:
2022: $3.99 (U.S.: $4.32)
2021: $2.52 (U.S.: $2.86)
2020: $1.97 (U.S.: $2.25)
2019: $2.25 (U.S.: $2.52)
2018: $2.24 (U.S.: $2.52)
2017: $2.06 (U.S.: $2.29)
2016: $1.74 (U.S.: $1.93)
2015: $2.22 (U.S.: $2.44)
2014: $3.21 (U.S.: $3.50)
2013: $3.55 (U.S.: $3.71)

“With the transition to more expensive summer gasoline underway coast to coast, wholesale gasoline prices continue to inch up at a rate typical for this time of year, reflected in the national average rising for the second straight week,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While oil prices edged slightly lower on weaker outlooks for economic growth, continued refinery maintenance and the higher cost of seasonal blends of fuel are offsetting oil’s decline. The price of diesel, however, continues to slowly decline as we see consumption for diesel lighten up. The best news for both gasoline and diesel prices is how significant a drop we’ve seen from year-ago levels, with more disinflation to come in the weeks ahead, even as gas prices are likely to inch up.”