Gas prices are slightly down nationwide with Mississippi having the lowest cost of unleaded fuel.
Per the latest edition of the Lundberg Survey on U.S. fuel markets, regular-grade gasoline is down 5.15 cents over the past two weeks and 7.18 cents over the past four weeks. That makes for a national average of $3.70 per gallon.
“If one culprit for the price retreat were the top cause, it would be the gasoline demand shrinkage,” Trilby Lundberg wrote. “Crude oil prices in fact increased in these two weeks, in partial recovery toward April prices. Consumers are reeling from the continued elevated price, overall weakening economy, and surging costs of vehicle ownership and operation.”
Out of all states, California has the highest per gallon cost at $5.22 while Mississippi has the lowest at $3.06. San Francisco was dubbed by Lundberg as the most expensive city for gasoline in America with a $5.30 per gallon rate while Jackson was tracked as the cheapest average price at $3.02.
While demand is down in comparison to last month, resulting in the decrease, the overall price of gasoline is still more expensive than a year ago. In May 2023, the national average was $3.63.
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