Lower Gas Prices Make Labor Day Travel More Affordable

This year’s Labor Day travel will be cheaper if fuel prices continue to decline. Gas prices have dropped to the lowest level since February, and Mississippi’s are among the cheapest in the country.

The price for a gallon of regular unleaded gas is, on average, $3.17 in mississippi, while the national average price is $3.43. That’s more than 25 cents a gallon higher than our state average. Gasoline demand usually drops after Labor Day, so while a short increase is not out of the question, we may see gas prices averaging under $3.00 a gallon within the next few months.

The prices have continued on a downward trend for the past few weeks, but analysts say that trend is starting to level off as Labor Day weekend approaches. News 25 spoke to some drivers Friday about the falling prices.

Elon Davis, an Ingalls Shipbuilding employee, says, "I think it’s fine, especially for people who have larger vehicles and are commuting back and forth to work every day. I think it’s good." Melissa Shiers, Accounts Payable Clerk, says, "I think it’s wonderful, it’s something that we need especially with the higher economy. The cost of living has really gone up."

Gas prices should remain steady for a few weeks and then start to fall again.

Categories: Local News, News