A 1-cent raise: Gas prices stay about the same
Published 9:37 am Tuesday, May 30, 2023
- Metro file photo / Pumping gasoline
Average gasoline prices in Mississippi have risen 1 cent per gallon in the past week, averaging $2.96 per gallon Tuesday.
Mississippi prices are 8.6 cents lower than one month ago and more than $1.19 lower than one year ago, according to GasBuddy’s survey of more than 2,000 stations statewide. The cheapest station in Mississippi Monday was $2.29 and the most expensive was $3.49 — a difference of $1.20 per gallon.
The national average price of gasoline has risen 2.7 cents per gallon in the past week, averaging $3.55 Tuesday. The national average is down 3.2 cents per gallon from a month ago and stands 105.5 cents per gallon lower than a year ago.
Historical gas prices in Mississippi, and the national average, going back 10 years on May 30:
2022: $4.15 (U.S. $4.60)
2021: $2.68 (U.S. $3.04)
2020: $1.58 (U.S. $1.97)
2019: $2.40 (U.S. $2.83)
2018: $2.65 (U.S. $2.96)
2017: $2.09 (U.S. $2.37)
2016: $2.08 (U.S. $2.32)
2015: $2.44 (U.S. $2.73)
2014: $3.40 (U.S. $3.67)
2013: $3.25 (U.S. $3.61)
“Gasoline prices have drifted higher in the last week due to some relatively minor refinery kinks and low gasoline supply, but it may not be a trend that lasts too much longer,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “As we unofficially start the summer driving season, the national average is likely to spend much of the summer in the range of $3.35-$3.85 per gallon, though it could go higher if unexpected refinery outages flare up, or we see a major hurricane or economic development. While gasoline prices have inched up slightly, we’re still faring much better than we did last year, when the national average started to soar after Memorial Day on its way up to the $5 per gallon mark. In addition, gas prices may temporarily rally if there’s a debt ceiling deal that passes through Congress in the weeks ahead, based on the optimism that such a deal could avert a major recession, keeping oil demand stronger this summer.”
GasBuddy data is accessible at http://prices.GasBuddy.com.