Gas bumps back up at the pump
Published 2:00 pm Monday, May 22, 2023
After falling slowly each week for more than a month, gas prices have bumped back up 2 cents per gallon in Mississippi.
The average price of a gallon of gasoline in the state has risen 2.0 cents in the past week, averaging $2.95 on Monday, according to GasBuddy’s survey of more than 2,000 stations statewide.
Prices in Mississippi are still 16.8 cents per gallon lower than one month ago, however, and more than $1.21 per gallon less than one year ago.
The cheapest station in Mississippi was $2.68 Sunday and the most expensive was $3.49 — a difference of 81 cents per gallon — according to GasBuddy price reports.
The national average price of gas has not changed in the past week, remaining at $3.51 per gallon on average. The national average is 14.7 cents less than one month ago and more than $1.06 per gallon less than one year ago.
Historical gas prices in Mississippi and the national average going back 10 years on May 22:
2022: $4.16 (U.S. $4.57)
2021: $2.70 (U.S. $3.03)
2020: $1.56 (U.S. $1.95)
2019: $2.44 (U.S. $2.85)
2018: $2.61 (U.S. $2.95)
2017: $2.07 (U.S. $2.35)
2016: $2.04 (U.S. $2.28)
2015: $2.44 (U.S. $2.74)
2014: $3.41 (U.S. $3.65)
2013: $3.28 (U.S. $3.66)
“In the run up to Memorial Day, the national average price of gas has seen little overall movement over the last week. We’ve seen more states see prices climb than fall, which has been driven by oil’s volatility as debt ceiling discussions are ongoing. I think we’ll see prices rise slightly as we get closer to Memorial Day, especially if there are positive developments in the debt ceiling discussions in D.C., while pessimism could drive prices slightly lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last.”
GasBuddy data is accessible at http://prices.GasBuddy.com.