Experts Predict Increase in Gas Prices for Early 2024 - Delta Daily News

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Experts Predict Increase in Gas Prices for Early 2024

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YAZOO CITY, Miss.–You will likely be paying a bit more for gas in early 2024, said Patrick DeHaan, head of Petroleum Analysis, with Gasbuddy.com. But, Mississippi still has the cheapest gas in the country and DeHaan expects that will continue.
“There are still some stations in the state where gas is above $3 a gallon, impressively,” he said. “There are some where it’s still $2.37.”
Yazoo City was the cheapest place to find it in the Delta as of Friday morning, with at least two stations selling regular for $2.37.
“A lot of it is depending on competition, the day of the week the station bought the gasoline. The cost of doing business is different in some areas.”
DeHaan said he expects Mississippi’s average to top out in the first half of the year, likely spring, from $2.81 to $3.10, which is a significant jump from where it is now. But, he described the jump as “seasonal”.
He said for now gas will decline further because of the excess that has been reported to the federal government.