Gas prices forecasted to drop in coming weeks as price of oil drops

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Louisiana gas prices are unchanged in the past week, averaging $2.71/g today, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. Gas prices in Louisiana are 11.2 cents per gallon higher than a month ago and stand $1.10/g higher than a year ago. The cheapest station in Louisiana is priced at $2.29/g today while the most expensive is $3.09/g, a difference of 80.0 cents per gallon. 

“In the lead up to Memorial Day, we haven’t seen gas prices come down much, though with oil’s recent move lower, we should start to see more drops at the pump materialize in the days ahead,” said Patrick De Haan, head of petroleum analysis for GasBuddy. 

The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $3.02/g today. The national average is up 14.0 cents per gallon from a month ago and stands $1.07/g higher than a year ago.

“With the Colonial Pipeline situation continuing to improve in Southeastern states, fueling up for the holiday weekend shouldn’t be too challenging, save for a few pockets in GA, NC and SC, where outages remain a bit higher than neighboring states. For those hitting the road, we should see prices inch lower in the coming week through at least Memorial Day, so motorists need not rush to fill their tanks as the drop in oil prices should manifest into lower gas prices as we begin the summer driving season.”

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.

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