Not much change in gas prices following Independence Day holiday

Published 2:09 pm Monday, July 10, 2023

Average gas prices in Mississippi have risen 1 cent per gallon over the past week, averaging $2.93 on Monday. Prices in Brookhaven ranged from $2.82 to $3 on Monday.

Prices in Mississippi are 0.8 cents per gallon lower than one month ago, and more than $1.23 less than one year ago. The data comes from GasBuddy’s survey of more than 2,000 stations statewide.

The cheapest station in the state was $2.64 Sunday and the most expensive was $3.39 — a difference of 75 cents per gallon.

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The national average was unchanged over the past week, averaging $3.50 Monday. The average is down 8.4 cents per gallon from one month ago and $1.167 less than one year ago, according to data from more than 11 million weekly reports across the nation.

Historical gas prices in Mississippi, and the national average, going back 10 years on July 10:
2022: $4.17/g (U.S.: $4.66/g)
2021: $2.75/g (U.S.: $3.14/g)
2020: $1.83/g (U.S.: $2.20/g)
2019: $2.34/g (U.S.: $2.76/g)
2018: $2.55/g (U.S.: $2.87/g)
2017: $1.98/g (U.S.: $2.25/g)
2016: $1.99/g (U.S.: $2.23/g)
2015: $2.46/g (U.S.: $2.76/g)
2014: $3.39/g (U.S.: $3.63/g)
2013: $3.25/g (U.S.: $3.50/g)
“After declining going into July 4, average gasoline prices have struggled to find much momentum in either direction as the price of crude oil has continued to bounce around, digesting offsetting news on both sides of the scale: supply, which OPEC+ continues to try and tighten, and weak global demand as monetary policy restrains growth,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “I don’t see much chance of a major break out of the tight range we’ve held since April, but there is rising risk for hurricane season and potential disruptions as major forecaster Colorado State University released its third forecast for 2023 hurricane season, showing a sharp uptick in the number of expected major hurricanes. Heading into the prime of summer gasoline demand, any disruptions, whether storms or unexpected outages and what might be a small challenge outside of the summer driving season, could be a larger problem, so there is some risk to gas prices going into the second half of summer.”