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Data Dive: Gas prices in Mississippi

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Data Dive: Gas prices in Mississippi

Gas prices in the United States have significantly increased recently, with places such as California and Illinois experiencing some of the highest prices of $5 per gallon and upward, according to the American Automobile Association.

CBS reported on a combination of factors that have led to this situation:

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• Over two years into the pandemic, economic recovery and increased vaccination rates mean a post-pandemic demand for gas as people are driving more for work, trips, etc.

• In the early days of the pandemic, oil production was cut due to low demand, and now production as a whole has been slow to catch up.

• The United States does not import much gas from Russia — less than 10%. But, U.S. sanctions do add to the issues with the overall global market.

Mississippi ranks lower with an average price of $4 per gallon. However, lower prices can still be financially impactful given states' varying economies.

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Quick math: Gas price/wage comparison

Mississippi

Average gas price

$4.01/gallon


Average hourly wage

$23.51


Work hours needed to fill a 15-gallon tank

2 hrs 34 mins

California

Average gas price

$5.72/gallon


Average hourly wage

$37.18


Work hours needed to fill a 15-gallon tank

2 hrs 18 mins

As CNN puts it, need to work two hours and 34 minutes to fill up a 15-gallon tank at an average price of $4.01, but Californians only have to work two hours and 18 minutes with a significantly higher average price per gallon of $5.72.

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This article first appeared on Mississippi Today and is republished here under a Creative Commons license.

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Mississippi News

Mostly clear through Easter weekend – Home – WCBI TV

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www.wcbi.com – Ashleigh Bryant – 2024-03-28 18:26:14

SUMMARY: Clear conditions are expected to continue through the end of the in Columbus, Mississippi. Temperatures will drop into the 30s on Thursday night with possible patchy frost. Friday will bring more sunshine with high temperatures in the low to middle 70s. The will see temperatures pushing towards 80 degrees with no rain expected. Next week, warm and humid will flow into the Deep South, with a of scattered showers and thunderstorms on Tuesday. It is still uncertain if these storms will be severe, but it is being monitored closely.

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Mississippi News

Women-led organization hosts workshop at Yokohama

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www.wcbi.com – Eric Lampkin – 2024-03-28 17:57:25

SUMMARY: Yokohama's Point plant hosted a workshop called “Pathways to Financial Wellness” organized by WHEELS, a group empowering women in supervision. Dr. Becky Smith led discussions on various financial topics, emphasizing the importance of understanding financial behaviors and setting realistic goals. Yokohama focuses on empowering individuals holistically to improve overall quality. The Human Resources Director highlighted the company's efforts to opportunities for employees to enhance their work and professional lives. The workshop aimed to women gain better control over their personal, , and work-related finances. The holistic approach taken by Yokohama ties financial well-being to overall personal .

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Mississippi News

USDA issues disaster designation for all Mississippi counties

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www.wjtv.com – Delesha – 2024-03-28 16:43:41

SUMMARY: All counties in Mississippi have been designated as USDA disaster due to the 2023 drought, making farmers eligible for Farm Service Agency Loan Assistance. This emergency loan can be used to offset losses from the previous year's drought, such as hay or equipment. Despite the good growing season for ryegrass, many farmers have depleted their hay reserves. Farmers in Mississippi have an eight-month window to apply for the loan. This assistance aims to farmers recover from the drought and ensure adequate resources for the upcoming year.

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The post USDA issues disaster designation for all Mississippi counties appeared first on www.wjtv.com

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