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Gas prices drop as Louisianians asked to stay home

Louisiana gas prices have risen 1.7 cents per gallon in the past week, averaging $1.82/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 3.9 cents per gallon lower than a month ago and stand 37.8 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.55/g today while the most expensive is $2.29/g, a difference of 74.0 cents per gallon. 

“As the nation saw subdued traffic for Thanksgiving, gas prices have been mostly stable in the last week as gasoline demand plummeted to the lowest since spring as Americans stayed closer to home,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $2.11/g today. The national average is unchanged  from a month ago and stands 47.6 cents per gallon lower than a year ago.

“With oil holding near a pandemic high around $45 per barrel, we may see additional upward pressure in the weeks ahead, but it’s unlikely to be earth shattering. We’re likely to remain in somewhat of a limbo until early 2021 or vaccines begin to see widespread distribution and Americans slowly start venturing back to their normal lifestyle- if they ever do,” said De Haan.

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. GasBuddy’s survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country.