JACKSON, Miss.–In Mississippi, it’s the third cheapest gas prices in the country today. But, one oile expert says it might not get much lower, even with crude oil prices down.
The cheapest gas in the state Monday was in Leland, at $2.48 for a gallon of regular. Clinton had the second cheapest at $2.51.
“Really all of this is crude oil, and crude oil prices fell again,” said oil expert Trilby Lundberg, with the Lundberg Survey. The group keeps up with gas and oil prices across the country. She said Monday that gas is the lowest it’s been since 2010.
“This could be near the bottom,” she said. “Of course crude oil will decide ultimately as the biggest factor in what gasoline prices do, but there’s probably just a few pennies left for retailers to pass on, if they can, to consumers.”
The most expensive was still the Local Express in Hernando at $3.69. AAA Spokesman Don Redmon explained that some stations get locked into a three-month contract and cannot drop their prices because of what they agreed to pay for gas.