Gas rises higher in state, nation
Published 9:20 am Monday, August 7, 2023
The average price of a gallon of gasoline in Mississippi has risen 7 cents in the past week to an average of $3.30 Monday, after jumping more than 19 cents per gallon the previous week.
Prices in Mississippi are 36.4 cents per gallon higher than one month ago, though 28.6 cents lower than one year ago. The cheapest station in Mississippi was $2.96 Sunday and the most expensive was $4.09 — a difference of $1.13 per gallon.
The national average has risen 7.8 cents per gallon in the past week, averaging $3.79 Monday. The price is 28.1 cents per gallon more than one month ago, but 22 cents lower than one year ago.
Historical gas prices in the state and the national average going back 10 years on Aug. 7:
2022: $3.59 (U.S. $4.01)
2021: $2.76 (U.S. $3.19)
2020: $1.81 (U.S. $2.18)
2019: $2.30 (U.S. $2.68)
2018: $2.56 (U.S. $2.86)
2017: $2.09 (U.S. $2.35)
2016: $1.88 (U.S. $2.12)
2015: $2.26 (U.S. $2.62)
2014: $3.24 (U.S. $3.47)
2013: $3.35 (U.S. $3.59)
“Average gasoline prices continued to move up last week thanks to a continued rise in oil and continued pressure from hot weather that impacted refineries. However, the pace of increases has started to slow down over the last few days, and for now, appears to have hit a peak over the weekend and is beginning to gently fall,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The price of diesel, however, continues to rise at a fairly strong pace, with average prices up nearly 15 cents per gallon from a week ago. Diesel will likely continue to see upward momentum while gasoline price increases should become more limited. But, with oil remaining under pressure from Saudi Arabia extending its 1 million barrel per day production cut into September, the respite from gasoline rising may not last long. Plus, there remain unknowns about hurricane season that will likely become more active in the weeks ahead.”