Gas prices dropping, but still above $3
Published 10:44 am Monday, April 24, 2023
The average price of gasoline in Mississippi has fallen 3.7 cents per gallon over the past week, averaging $3.10 Monday morning.
Prices are 14.3 cents per gallon higher than one month ago, but 65.3 cents lower than one year ago, according to GasBuddy’s survey of more than 2,000 stations across the state.
The cheapest station in Mississippi was $2.77 Sunday and the most expensive was $3.59 — a difference of 82 cents per gallon.
The national average has dropped 0.8 cents over the past week, averaging $3.64 per gallon Monday. It is up 22.8 cents per gallon than one month ago, but 46.4 cents less per gallon than one year ago.
Historical gas prices in Mississippi and the national average going back 10 years on April 24:
2022: $3.76 (U.S. $4.11)
2021: $2.54 (U.S. $2.88)
2020: $1.47 (U.S. $1.74)
2019: $2.51 (U.S. $2.88)
2018: $2.52 (U.S. $2.78)
2017: $2.16 (U.S. $2.41)
2016: $1.90 (U.S. $2.14)
2015: $2.29 (U.S. $2.51)
2014: $3.48 (U.S. $3.69)
2013: $3.28 (U.S. $3.52)
“For the first time in several weeks, the national average price of gasoline has seen a decline, and while the fall was quite small, the bigger news may be that we may have seen a short-term peak for the price of gasoline. While any unexpected outages could push it up again, there is a rising possibility that barring such, we may have seen our high water mark for the national average for the summer,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “Typically, gas prices peak between May and June, and with the oil market showing significant cracks in strength, we may have seen the peak in the national average already occur, a few weeks earlier than average. While it’s possible we could go higher later this summer should a major hurricane target sensitive infrastructure, it appears the odds that the national average will miss the $4 per gallon mark are rising. It’s certainly looking optimistic for motorists.”
GasBuddy data is accessible at http://prices.GasBuddy.com.