CBS reported that a number of factors have contributed to this situation. * Two years after the pandemic began, increased vaccination rates and economic recovery mean there is a higher post-pandemic gas demand as more people drive for work, travel, etc. Oil production was reduced in the initial days of the pandemic due to low demand. Now, production has slowed down. * The United States imports less than 10% of its gas from Russia. However, U.S. sanctions can cause problems for the global market. Mississippi is lower than the rest with an average price for a gallon of $4. Lower prices can still have a financial impact due to the state’s different economies. CNN reports that Mississippians must work for two hours and 34 minutes to fill a 15-gallon tank with an average price of $4.01; Californians need only two hours and 18 minutes, and have a significantly higher average gallon price of $5.72.
We appreciate any amount that helps us continue producing high-quality journalism in Mississippi. Mississippi Today Nonprofit Mississippi News Gas prices have increased significantly in the United States, with California and Illinois seeing the highest gas prices at $5 per gallon or more, according to American Automobile Association. CBS reported that a number of factors have contributed to this situation. * Two years after the pandemic began, increased economic recovery and vaccination rates have resulted in a higher post-pandemic demand. People are now driving more for work and trips. Oil production was reduced in the initial days of the pandemic due to low demand. Now, production has slowed down. The United States imports less than 10% of its gas from Russia. However, U.S. sanctions can cause problems for the global market. Mississippi is lower than the rest with an average price for a gallon of $4. Lower prices can still have a financial impact due to the state’s different economies. CNN reports that Mississippians must work for two hours and 34 minutes to fill a 15-gallon tank with an average price of $4.01; Californians need only two hours and 18 minutes, and have a significantly higher average gallon price of $5.72.