JACKSON, Miss.–You’re paying $3.45 on average for gas in Mississippi today, but that could be changing very soon, and for the better.
“refiners selling prices to their retailers, distributors, are down substantially and we are next at the consumer level,” said Trilby Lundberg, with the Lundberg Report, which tracks oil and gas prices. She said the reason refineries are reducing is increased demand for oil.
“They seem to care more about the weaker-than-expected manufacturing data coming out of China, implicating oil demand, than about Ukraine, which implicates Russian supply.”
In other words, the more oil China doesn’t need, the more we have in America, and the lower the price.
Still in the past two weeks, prices have gone up. Lundberg said the national average today is $3.72, but that could start moving down as soon as early this week.
The cheapest gas in Mississippi today is in Southaven at $3.22. The most expensive is in Mendenhall at the Pure at $3.89, according to gasbuddy.com.