Gas prices drop 2 cents on average

Published 12:00 pm Monday, August 14, 2023

The average price of gas in Mississippi has dropped 2 cents per gallon over the past week, to average $3.28 per gallon Monday. Prices are 30.2 cents per gallon higher than one month ago, but 20.5 cents per gallon less than one year ago.

In Brookhaven Monday, gas prices ranged from $3.17 to $3.40 per gallon.

According to GasBuddy price reports from more than 2,000 stations in Mississippi, the cheapest gasoline in the state was priced at $2.99 Sunday while the most expensive was $3.89 — a difference of 90.0 cents per gallon.

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The national average price of gas has risen, however — 2.5 cents per gallon in the past week, to average $3.82 Monday. The average is up 29.1 cents from one month ago, yet still 9.6 cents per gallon less than one year ago.
Historical gasoline prices in Mississippi and the national average going back 10 years on Aug. 14:

2022: $3.49 (U.S.: $3.92)

2021: $2.77 (U.S.: $3.17)

2020: $1.81 (U.S.: $2.18)

2019: $2.25 (U.S.: $2.64)
2018: $2.56 (U.S.: $2.86)

2017: $2.09 (U.S.: $2.34)

2016: $1.89 (U.S.: $2.12)

2015: $2.24 (U.S.: $2.66)

2014: $3.21 (U.S.: $3.47)

2013: $3.29 (U.S.: $3.52)

“The national average price of gasoline continues to hold near the highest level we’ve seen since last October, touching $3.84 per gallon. It could climb slightly higher as we get closer to Labor Day, as oil prices remain under pressure from recent OPEC+ production cuts,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While July CPI data looked pretty good with energy prices well below their year-ago level, August data isn’t going to look nearly as friendly. Gasoline prices stand just over a dime away from rising back above their year ago level – something that is definitely possible by the closing summer holiday. In addition, the largest refinery in the Midwest moved up its seasonal maintenance to several weeks earlier than expected, causing a somewhat unexpected jump at the pump in the Great Lakes. Motorists will likely see a mixed bag at the pump this week, with a few states seeing prices fall slightly, while others will see the opposite.”