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Low Gas Prices: Mississippi Expert Says They Could Last a While

JACKSON, Miss.–If you’re headed out today to see your folks, you’ll pay about $2.18 on average for a gallon of regular in Mississippi. It’s the lowest it’s been in five years, and AAA of Mississippi spokesperson Don Redman said that the low prices may last a while.

“I think we can see this staying at least through February,” he said. “Traditionally January and February are your slowest months in terms of demand. I’m looking at forecasts for March and they’re a little bit higher.”

He said that’s normal for spring. But, compared with last year, it’s still pretty low.

“Heck, we’re still looking at $67 per barrel. Right now it’s trading for $55.”

He said the original forecast from the U.S. Dept. of Energy was for $75 per barrel crude oil. That has been changed to about $65.

“We might see some spikes up to $3 a gallon.” That’s for the whole year in 2015. “But, overall in the upper $2 range. $2.90 versus $3.50. That’s what we’ve been averaging.”

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