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Gas prices falling, could tick up due to Cindy

Copyright: Image by StockUnlimited

Gas prices are on the decline across the country, and Mississippi is sporting some of the lowest prices of all.

Don Redmon with AAA says it’s just in time for summer travel. “We were looking in January, trying to forecast what the price would be this summer – which is always dicey – but still, no one expected the price of crude oil to drop so much.”

This week, Mississippi sits at an average of 2.03 per gallon, but how low could it go?

“We’re looking at the possibility that we could finish out the summer with prices at or below $2.00 a gallon” said Redmon

While Tropical Storm Cindy may cause a short spike in prices, they’re expected to even out before the holiday weekend.

“Had the storm hit the refineries like it was forecast it could have been a lot worse in terms of gasoline” Redmon said. “Still, you saw rigs in the Gulf get shut down, refineries had to shut down ahead of the storm.”

The prices should return to near $2.00 in Mississippi before the holiday weekend, when, according to Redmon, more people will be traveling the roads on a 4th of July weekend in history.

Look for around 44.2 million Americans traveling by car this holiday, according to AAA. That figure is up a million and a quarter from last year. Redmon attributes this to a rising economy and the cheapness of gas. Stay safe (and sane) on the roads!

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