Mississippi gas prices rising again

Published 5:00 pm Wednesday, April 5, 2023

In a reversal of the time-old adage “What goes up must come down,” gasoline prices that have consistently, though slowly, fallen week after week in Mississippi are now climbing back up.

Average prices of gas in the state have risen 4.4 cents per gallon over the past week, averaging $3 Tuesday. The data comes from GasBuddy’s survey of more than 2,000 stations in Mississippi.

Mississippi gas prices are 8.1 cents per gallon higher than one month ago, but 85.4 cents per gallon less than one year ago. The cheapest station in Mississippi was $2.69 on Monday, and the most expensive was $3.49 — a difference of 80 cents.

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The national average has risen 8.7 cents per gallon over the past week, averaging $3.49 Tuesday. It is up 11.3 cents from one month ago, but still 68.9 cents less than one year ago, according to data from more than 150,000 stations nationwide.

Historical gas prices in Mississippi and the national average going back 10 years:

2022: $3.85 (U.S.: $4.17)
2021: $2.56 (U.S.: $2.87)
2020: $1.63 (U.S.: $1.91)
2019: $2.42 (U.S.: $2.72)
2018: $2.39 (U.S.: $2.66)
2017: $2.09 (U.S.: $2.33)
2016: $1.85 (U.S.: $2.06)
2015: $2.14 (U.S.: $2.40)
2014: $3.34 (U.S.: $3.56)
2013: $3.44 (U.S.: $3.64)

“With oil prices continuing their climb last week, gasoline prices were pushed higher across much of the country. But, the real headline happened this weekend when OPEC+ members unexpectedly decided to cut over a million barrels per day of oil production, sending oil prices back over $80 per barrel. More significant jumps at the pump are likely coming down the pipeline,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While demand has been somewhat soft this spring, the move to cut oil production ahead of the busiest months for consumption certainly sends a message that OPEC+ countries are aligned in their desire for consumers to pay more. While the initial impact to consumers could be 10 to 20 cents at the pump, there could be further developments in the days or weeks ahead that enhance the impact, especially as motorists prepare for the summer driving season.”

GasBuddy data is accessible at http://prices.GasBuddy.com.