The Center Square

Mississippi average gas prices are still nation's lowest at $2.96

Published

2 years ago

June 6, 2023

www.thecentersquare.com – By Steve Wilson | The Center Square – 2023-06-06 10:24:00

(The Center Square) — Mississippi still has the nation’s lowest average gas prices at $2.96 per gallon, according to data from the American Automobile Association.

The state average per gallon of regular gasoline in Mississippi is nearly 20% below the national average of $3.55 and 33.3% below the same time last year, when the average price was $4.44 per gallon. Prices in the Magnolia State dropped three cents compared to last week.

That’s 34.6% less than the high of $4.53 on June 12, 2022.

Gasbuddy energy analyst Patrick DeHaan says Americans are saving at the pump compared with the same time last year.

Texas ($3.08 per gallon of regular gasoline), Louisiana ($3.10), Arkansas ($3.11) and Alabama ($3.11) round out the top five least expensive states.

California has the highest gas prices at $4.86 per gallon, followed by Hawaii ($4.75), Washington ($4.72), Arizona ($4.40) and Oregon ($4.30).

The Mississippi metro area with the least expensive gas is Hattiesburg ($2.92), followed by the three-county coastal region ($2.94), Jackson ($2.95) and Southaven-Olive Branch ($2.98).

Prices have continued to remain constant despite inventories of petroleum products decreasing slightly. According to data from the U.S. Energy Information Administration, petroleum inventory dropped from a high of 1.6 billion barrels on April 21 to 1.59 billion on May 26, a decrease of 2.43 million barrels. On May 27, 2002, inventories were up to 1.68 billion barrels.

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