All eyes are on the hurricanes spinning across the Gulf of Mexico and Atlantic Ocean. That’s because the trajectory and severity of storms like Hurricane Idalia could spell not only widespread destruction for Gulf state residents but higher gas prices for the rest of the nation as well.
“For the first time in weeks, the national average price of gasoline has fallen over the last week as the wholesale price of gasoline has been under seasonal pressure as we near the end of the summer driving season,” GasBuddy analyst Patrick De Haan said in a statement Monday.
Labor Day Weekend, typically a time of heightened travel, usually comes with a spike in gas prices. For now, the average cost for a gallon of gas sits about where it was the summer before as prices were falling from record highs influenced by the Russian invasion of Ukraine.
“However, the drop may be short-lived,” De Haan warned, “as one of the nation’s largest refineries partially shut last week after a fire at a storage tank, and as we see more tropical activity that could lead to further disruption.”
Jackson by the numbers
– Gas current price: $3.27
— Mississippi average: $3.29
– Week change: -$0.04 (-1.2%)
– Year change: -$0.08 (-2.5%)
– Historical expensive gas price: $4.52 (6/14/22)
– Diesel current price: $3.90
– Week change: -$0.01 (-0.2%)
– Year change: -$0.77 (-16.5%)
– Historical expensive diesel price: $5.36 (6/19/22)
Metros with the most expensive gas
#1. San Luis Obispo-Atascadero-Paso Robles, CA: $5.54
#2. San Rafael, CA: $5.38
#3. Ventura, CA: $5.37
Metros with the least expensive gas
#1. McAllen-Edinburg-Mission, TX: $3.19
#2. Monroe, LA: $3.20
#3. Biloxi-Gulfport-Pascagoula, MS: $3.22