Gasoline prices in Louisiana have fallen 0.3 cents per gallon in the past week, averaging $2.60/g Sunday, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. This compares with the national average that is unchanged versus last week to $2.86/g, according to GasBuddy.
“The national average price of gasoline jumped to start last week before slowly tapering off during the latter half, but remains very close to their week ago levels,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
“Oil prices have held under $70 per barrel, giving promise to gas prices that will continue to hold south of $3 per gallon and near where they have spent much of the summer so far.”
Average gasoline prices on August 6 in Louisiana have ranged widely over the last five years:
$2.15/g in 2017, $1.93/g in 2016, $2.35/g in 2015, $3.27/g in 2014 and $3.44/g in 2013.
Including the change locally during the past week, prices Sunday were 45.2 cents per gallon higher than a year ago and are 1 cent per gallon higher than a month ago. The national average has dropped 0.7 cents per gallon during the last month and stands 52.1 cents per gallon higher than a year ago.
Areas in the region and their current gas price climate:
Baton Rouge- $2.54/g, up 0.6 cents per gallon from last week’s $2.53/g.
Jackson- $2.52/g, up 0.4 cents per gallon from last week’s $2.52/g.
New Orleans- $2.53/g, up 0.5 cents per gallon from last week’s $2.52/g.
“With several bullish and bearish factors weighing on oil prices, you may see gas prices stuck in some sort of late summer blues before motorists see more sizable relief coming after Labor Day,” DeHaan said.
“Refiners continue to hum along meeting high demand with few kinks, leading to gas prices that have remained between $2.80-$2.89 per gallon the entire summer thus far.”
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The electronic edition of the Thursday, May 23, 2019 Minden Press-Herald.