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Gas prices keep tumbling

Louisiana gas prices have fallen 3.8 cents per gallon in the past week, averaging $2.20/g Sunday, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 15.4 cents per gallon lower than a month ago, yet stand 38.7 cents per gallon lower than a year ago.

“For now six straight weeks we’ve seen the national average price of gasoline decline, and after last week’s escalation in the trade battle between the U.S. and China, it’s possible that the streak continues longer than previously anticipated as oil markets react to the news, sending oil lower,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

According to GasBuddy price reports, the cheapest station in Louisiana is priced at $1.92/g today while the most expensive is $2.96/g, a difference of $1.04/g. The lowest price in the state today is $1.92/g while the highest is $2.96/g, a difference of $1.04/g. The cheapest price in the entire country today stands at $1.67/g while the most expensive is $5.75/g, a difference of $4.08/g. 

The national average price of gasoline has fallen 2.1 cents per gallon in the last week, averaging $2.58/g today. The national average is down 16.3 cents per gallon from a month ago, yet stands 25.0 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:

Baton Rouge- $2.05/g, down 5.6 cents per gallon from last week’s $2.11/g.

Jackson- $2.17/g, down 3.4 cents per gallon from last week’s $2.20/g.

New Orleans- $2.15/g, down 0.4 cents per gallon from last week’s $2.15/g.

“With Labor Day around the corner, motorists will see the cheapest end to the summer since 2016, a great send-off to wrap up the summer driving season, but more good news likely lay ahead for motorists,” DeHaan said. “Gas prices will likely decline even more substantially starting in mid-September as most of the nation begins the transition back to cheaper winter gasoline starting September 16. Fall will bring plenty of falling gas prices, so long as there remains turmoil between the U.S. and China.”