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Gas As Low As $2.03: Mississippi Benefits From Crude Oil Situation

JACKSON, Miss.–Mississippi doesn’t have the cheapest gas in the county, but if you’re pulling up to get gas today, you could see it for as low as $2.03 in Byram or $2.04 in Richland. The state average is $2.23, and you can thank low crude oiol prices.

“It’s been tumbling down from the top,” said oil expert Trilby Lundberg, who runs the Lundberg Survey that tracks gas prices, “the top being crude oil prices, which are down substantially again.”

She said for six weeks gas prices were edging down.

TRILBY LUNDBERG INTERVIEW

“Now they’ve taken a real tumble, down 11 cents in two weeks.” The national average was $2.71 Sunday.

She said there are several reasons crude oil is down.

“We have the expectations of more oil from Iran. There’s a lot of noise about that in the market. And a weaker Chinese oil demand and the performance of the U.S. dollar.”

Lundberg did not say she expects another big fall in oil prices, as other experts have projected.

“I think that we’re probably gonna see much more of same, if crude oil prices don’t jump back up.”

AAA experts predicted last week that gas may have another significant drop near Halloween.

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