Gas prices down 15 cents in the last month - WLOX.com - The News for South Mississippi

Gas prices down 15 cents in the last month

GULFPORT, MS (WLOX) -

Check this out.  When a WLOX.com reporter stopped at the Flying J in Gulfport today, she noticed a gallon of gas was just $3.38.  So, she snapped a picture, and emailed it to WLOX.

When we saw that price, we went online and started to do some research.  It turns out gas prices are falling.  And they've gone down for five straight weeks. 

Juli Niemann is a gas industry analyst.  She was quoted in an article posted on Marketplace.org.

"The biggest problem is we really have high inventory," she said in that interview.  "We have more than we need. We have refinery problems, pipeline problems all being worked out. So we have new supplies still coming in. We have plenty of inventory."

According to AAA.com, the average price of a gallon of gas in South Mississippi is $3.47/gallon.  That's four cents cheaper than a week ago.  It's 15 cents cheaper than gas cost in February.  And it's 21 cents below March, 2012 prices.

The highest average for a gallon of gas ever recorded in South Mississippi was $4.02.  That was back in 2008.

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