CATEGORY: Economics

AUTHOR: EILEEN

HED:Gas takes pre-summer price dip

By Eileen Bailey

Daily Journal

Gas prices in Tupelo and other parts of the state saw a decline in March.

The March Gas Price Survey released Monday from the American Automobile Association showed the statewide average price for self-serve regular unleaded gas decreased 1.8 cents to $1.20 per gallon.

The March survey showed the average price for self-serve regular unleaded gas in Tupelo was $1.15 per gallon. In the survey of 10 larger cities in the state, Tupelo tied with Hattiesburg to have the lowest averages. The highest average in the March survey was Grenada with $1.20 per gallon.

In February, the average price for self-serve regular unleaded gas in Tupelo was $1.17. The February prices were $1.27 for mid-grade and $1.37 for premium per gallon.

A survey of Tupelo gas stations Monday afternoon showed the average price per gallon for self-serve regular unleaded gas had dropped even further to $1.09 per gallon.

AAA's survey showed the statewide average price for self-serve mid-grade unleaded also dropped 1.8 cents to $1.29 and self-serve premium fell 2 cents to $1.39 per gallon in March.

In Tupelo, AAA's survey showed that mid-grade unleaded self-serve sold for an average of $1.25 per gallon and premium sold for $1.35 per gallon in March. Tupelo and Hattiesburg also tied for the lowest prices in both mid-grade and premium.

"Gas prices usually start to increase in the spring when more motorists begin taking their spring and summertime trips," said Danon Jones, director of public and government relations for AAA Mississippi/Louisiana. "This drop in prices is a great way to usher in the upcoming travel season."

In some of the areas surrounding Tupelo, prices remained slightly higher than the AAA average. In Saltillo, gas was $1.19 a gallon at the 45 Super Stop. Kent Randle, owner of the service station, said his distributor sets the gas prices based on what is happening at other Saltillo stations.

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