Posted: Wednesday, 02 January 2013 4:11PM
Fiscal Cliff Avoided Could Mean Higher Gas Prices
JACKSON, Miss. – No matter what the outcome of the fiscal cliff was, gas prices were still going to be affected. Since the cliff was avoided that could mean gas prices could go up.
“If we don’t go over and we do see a pickup in economic activity in the United States or around the world, that will increase the demand for energy, which means an increase in petroleum products, resulting in an increase in gas prices,” said Mike Right Vice President of Public Affairs for AAA.
The average price for a gallon of gas in Mississippi today is $3.11 according to gasbuddy.com. The price is up two cents since Dec. 31.