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24/7 Wall St.: 10 States with the Cheapest Gas

2. Mississippi

Regular gas price per gallon: $3.06
Tax per gallon: 18.8 cents (7th lowest)
Number of operating oil refineries: 3

Gasoline prices are down about 18% from Mississippi’s yearly peak in the first week of April. The state ranks among the lowest in total taxes and fees per gallon of gas, which help keep its fuel prices low. The three refineries in Mississippi process 364,000 barrels of raw crude per day, the 11th most in the country. Low carrying costs for fuel could therefore also contribute to the state’s low gasoline prices. There is just a 19 cents per gallon tax for gas sold in Mississippi, the seventh-lowest in the country. The state also has no sales tax to drive up what people pay at the pump.
(Istockphoto)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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