5 States With the Cheapest Gas Prices in the US

2. Mississippi

Price of Gas per Gallon: $2.761

Gas prices in Mississippi are often cheaper than the national average and neighboring states due to lower state taxes on fuel per gallon. The Magnolia State levies a tax of only 18 cents a gallon on all gasoline, which is among the lowest in the country. 

It was announced in July this year that Denbury Inc. – the largest oil producer in Mississippi – has been acquired by ExxonMobil Corp for $4.9 billion.