Gas Prices Inch Higher

Average retail gasoline prices in Mississippi have risen three cents per gallon in the past week, according to GasBuddy.com. It averages $2.68 per gallon as of Monday.

The average price in Alabama is $2.70 per gallon for regular unleaded.

The Web site put the national average up 3.6 cents per gallon in the same time period, averaging $2.78 per gallon.

Since last year, the price has increased almost 91 cents a gallon, and is 21.8 cents per gallon higher than a month ago.

"We're starting off March like a lion with little hope of it going out like a lamb", said Patrick DeHaan, GasBuddy.com senior petroleum analyst. "While conventional wisdom tells us demand will increase as we move towards warmer weather, it appears that gasoline price increases have easily outpaced any potential increases in demand thus far."

DeHaan said he expects most of the country to flirt with prices near or over $3.00 per gallon by Memorial Day, with the exception of California, where prices will average near $3.35 a gallon.

DeHaan said the bright spot is that plenty of spare refining capacity and lower gasoline demand than in previous years will keep gasoline prices from reaching record highs.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by BULL on Mar 15, 2010 at 06:12 PM
    This is BULL............we have it. We have it in reserve too. What the crap?? It is because summer is coming and they know we are going to travel. This is Bull...but what can we do about it???? NOTHING!!!!!!!!!!!!
  • by Anonymous on Mar 15, 2010 at 12:41 PM
    goes up many reason not enough refineries to handle all the blends in all the states... another reason is fall of the dollar... and all sits on opec bec8use the gov will not let us drill to have the supply as needed
  • by Matt Location: Morton on Mar 15, 2010 at 11:18 AM
    Just why exactly does gas go up every summer? And don't say that it's because of the increase in demand. I may not be that old but I remember when gas was only $1.00 a gallon. Isn't it time we stopped shafting our fellow man just for a few bucks?
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