Highest oil prices of the year push gas costs higher
Published 11:00 am Monday, April 17, 2023
- METRO IMAGE
Gasoline prices have risen 3 cents per gallon on average in Mississippi in the past week.
The state average was $3.14 Monday, according to GasBuddy’s survey of more than 2,000 stations. Prices are 17.9 cents per gallon higher than one month ago, although still 60.5 cents lower than one year ago.
The cheapest station in Mississippi was $2.85 Sunday, and the most expensive was $3.59, a difference of 74 cents per gallon.
The national average has risen 7.6 cents per gallon in the past week, averaging $3.65 Monday. That price is up 22.1 cents per gallon from one month ago, but still 41.2 cents lower than one year ago.
Historical gasoline prices in Mississippi and the national average going back 10 years on April 17:
2022: $3.74 (U.S.: $4.06)
2021: $2.55 (U.S.: $2.86)
2020: $1.53 (U.S.: $1.79)
2019: $2.51 (U.S.: $2.84)
2018: $2.47 (U.S.: $2.73)
2017: $2.17 (U.S.: $2.41)
2016: $1.88 (U.S.: $2.11)
2015: $2.19 (U.S.: $2.43)
2014: $3.46 (U.S.: $3.66)
2013: $3.32 (U.S.: $3.52)
“With oil prices touching their highest level of 2023 at nearly $83 per barrel, the national average price of gasoline has continued to inch higher, with 45 of the nation’s 50 states seeing prices rise over the last week. While the rising price of oil is likely the largest factor in rising gas prices, seasonal impacts continue to also exert pressure on prices,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “With the Northeast making the final step in the transition to summer gasoline this week, states in that region should expect a sharp rise in gasoline prices over the next week or two. Every other region has already seen the final step in the transition occur, so while other areas will see prices continue to slowly rise, the Northeast is likely to see a pretty hefty jump of 15-40 cents per gallon soon. Oil prices remain a wildcard, but we’re likely a few weeks away from seeing the national average peak. Whether it hits $4 per gallon or not is still perhaps a 50/50 chance.”