Fewer pennies being used to pay for gasoline

Mississippi drivers are enjoying the cheapest average gas price in the United States, according to a report from the American Automobile Association.  

As of June 1, the Mississippi average gasoline price for regular unleaded fuel was $2.98, which was lower than Texas, Arkansas and Louisiana, which all had an average price of $3.12 a gallon. Alabama was fifth-lowest in the U.S. at $3.14 a gallon.  In order, South Carolina ($3.20), Tennessee ($3.20), Missouri ($3.20), Oklahoma ($3.23) and Kansas ($3.26) round out the top 10.  

The largest decreases in average prices came from Arizona (−10 cents), Indiana (−9 cents), Ohio (−8 cents), Wisconsin (−6 cents), Iowa (−7 cents), Illinois (−6 cents), Michigan (−5 cents), Delaware (−3 cents), New Mexico (−2 cents) and Louisiana (−2 cents).

While we continue to see the cheapest gasoline here as our summer travel season begins, analysts are warning some increases may happen during the summer. Saudi Arabia announced it would cut oil production by 1 million barrels per day, starting in July. Other OPEC+ producers also agreed it will extend earlier production cuts through next year.

As of Tuesday, June 6, the Mississippi average gas price for regular unleaded has dropped to $2.96 a gallon, according to AAA, which was six cents lower than a month ago and nearly a dollar and a half lower than a year ago, when the average price was $4.435. GasBuddy.com reports the lowest prices in DeSoto County, thanks to users who report pump prices at individual stations. Tuesday morning, June 6, the county’s lowest per-gallon price reported was $2.74.