Gradual Decline in Gas Prices

Consumers have seen gas prices drop gradually over the last several weeks.

In the past week, prices have dropped about 8 cents per gallon in Mississippi.

The average in the state is $3.46 per gallon. It's
$3.47 per gallon on average in Alabama. The national average is $3.73 a gallon.

Remember when gas prices were forecast to climb above $4 and even $5? Well, fortunately gas prices have started going in the other direction, reaching prices as low as $3.40 while we were driving around Monday morning.

Most of us probably are like Katie Ballew, busy driving around from point A to points B, C, and D.

"We have ball games, ball practices," said Katie Ballew. "We're doing here and there, so yeah, it's a lot of back and forth and running around that we're doing."

All that driving quickly empties our tanks, which means more money we have to pay for gas. With gas prices coming down, all that driving doesn't seem so taxing, and it means more money in our wallets for other things.

"Absolutely, it's more groceries in the house, you know, more activities we can do as a family, so yeah," Ballew said.

"I do plan a trip to Tennessee, so that's going to help a lot," said Reba Lovett, who is looking forward to having more money for other things.

"Just better living, you know," said Eric Sauvageau. "Other things that I wanted to do for quite a while. It's always good to have more money."

As for why the sudden drop in prices, it could be the simple concept of supply and demand.

"Oh, because we can't handle it," said Sauvageau. "When we can't handle it anymore, we stop buying it, then suddenly, oops, it goes the other way."

Gas prices have been on a downward trend for over a month now. They peaked in Mississippi at about $3.79 per gallon, on average, in mid-April, and have been dropping since. They've dropped 16 cents in the last two weeks, according to gasbuddy.com.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Not Surprised Location: Lauderdale County on May 18, 2012 at 06:36 AM
    The old lie is that the cost of living is cheaper in Meridian, so employers don't have to pay as much. The only thing cheap in Meridian are the local employers, housing, food, energy are higher than most other cities in the state.
  • by 2KD Location: Meridian on May 17, 2012 at 10:25 AM
    Nothing new for Meridian. Gas prices are always higher here. Meridian isnt growing and the distributors have no competition. They fix prices and each get their share.Big oil companies are gouging us also. Oil is at 93.00 a barrel and gas is still well above 3.00. Thats ridiculous. The American people are really taking one from Big Oil this time and nobody from the President on down seems to care.
  • by liberal democrat on May 15, 2012 at 10:02 PM
    we have got to stop this. Obama is trying to get us to wonderful green energy and we keep burning oil and gas. If he gets the prices up to $6 or $8 a gallon we will all like the green energy and he is trying so hard to do that, we just have to get him 4 more years to transform are country into a green blossoming land. we still can look very hard and find somthing to put on the endangered list to prevent drilling in places, it worked at ANWAR when we got the poler bear on the list. when we do it right we can prevent the hunting of a species and make land off limits. four more years is all we need. wake up America. we can go green and do away with gas and oil, we already have freedom group buying up all the gun and ammo manufactures and they are owned by Cerberus Capital Management controled by George Soros. They will be able to stop selling to civilians and only sell to the government. wouldnt that be so nice.
    • reply
      by planet earth on May 16, 2012 at 03:30 PM in reply to liberal democrat
      and the sky is falling. people who stupid enough to believe this junk, get just what they deserve. wake up people, scare tactics only work on people dumb enough to believe them.
  • by Jason Dyess Location: Meridian on May 14, 2012 at 05:56 PM
    I got gas in Byram, MS on Friday for $3.29 a gallon. I just can't understand why itis always higher in Meridian. We even have the gas terminals out by the airport where it is distributed.
    • reply
      by neighbor on May 17, 2012 at 01:34 PM in reply to Jason Dyess
      If you want to see higher gas prices just cross the state line into Choctaw County Alabama. Gas prices there are usually 15 to 20 cents higher than Meridian.
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