Gas drops 8.1 cents per gallon in Mississippi

Published 4:00 pm Monday, May 8, 2023

Gasoline prices have fallen 8.1 cents on average per gallon over the past week in Mississippi. Prices averaged $2.97 per gallon Monday, according to GasBuddy’s survey of more than 2,000 stations across the state.

Prices are 13.5 cents lower than one month ago and 94.4 cents lower than one year ago. The cheapest station in Mississippi Sunday was $2.65, and the most expensive was $3.49 — a difference of 84 cents per gallon.

The national average has fallen 7.5 cents per gallon as well, averaging $3.50 Monday. The average is down 7.5 cents from one month ago and 80.7 cents lower than one year ago, according to GasBuddy data from more than 11 million reports covering more than 150,000 gas stations nationwide.
Historical gas prices in Mississippi and the national average going back 10 years on May 8:

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2022: $3.91 (U.S. $4.31)

2021: $2.59 (U.S. $2.96)

2020: $1.48 (U.S. $1.83)

2019: $2.50 (U.S. $2.88)

2018: $2.53 (U.S. $2.82)

2017: $2.10 (U.S. $2.33)

2016: $2.00 (U.S. $2.21)

2015: $2.39 (U.S. $2.66)

2014: $3.45 (U.S. $3.67)

2013: $3.27 (U.S. $3.54)

“For the third straight week, consumers have been greeted by falling gasoline prices across a majority of the country, thanks to oil prices holding near recent lows and the transition to summer gasoline being essentially complete. While there have been a few pockets of rising prices, those have been the needle in the haystack, with nearly every single state seeing gas prices fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “In addition to gasoline prices declining, the average price of a gallon of diesel will join gasoline in the days ahead, falling below $4 per gallon in the next 48 hours or so, a sign of how far we’ve come. Americans are spending hundreds of millions less on fuel every week compared to a year ago, and that’s a number that could rise further as prices are poised to continue trending lower this week.”