Another slight drop in gas prices

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Gasoline prices in Louisiana have fallen 0.3 cents per gallon in the past week, averaging $2.61/g Sunday, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. This compares with the national average that has fallen 1.1 cents per gallon versus last week to $2.85/g, according to GasBuddy.

Average gasoline prices on August 13 in Louisiana have ranged widely over the last five years:

$2.15/g in 2017, $1.95/g in 2016, $2.31/g in 2015, $3.25/g in 2014 and $3.38/g in 2013.

“Yet again, average gas prices have remained fairly quiet,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “This summer has been remarkably mum at pumps with most states seeing prices move in an uncharacteristically small summer range of 10-20 cents per gallon or less,”

Including the change locally during the past week, prices Sunday were 45.9 cents per gallon higher than a year ago and are 0.5 cents per gallon higher than a month ago. The national average has dropped 3.6 cents per gallon during the last month and stands 50.3 cents per gallon higher than a year ago.

Areas in the region, and their current gas price climate:

Baton Rouge- $2.59/g, up 4.3 cents per gallon from last week’s $2.54/g.

Jackson- $2.51/g, down 0.9 cents per gallon from last week’s $2.52/g.

New Orleans- $2.58/g, up 4.2 cents per gallon from last week’s $2.53/g.

“Oil prices continue to be range bound between $67 and around $73 per barrel as of late as competing factors weigh on oil prices at very similar times,” DeHaan said.

“Oil inventories have continued to decline, but gasoline inventories remain healthy, and with summer drawing to a close and gasoline demand set to step down, we may see additional relief coming barring any disruptions to the flow of oil or gasoline like a major hurricane. “


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