Louisiana gas prices have risen 4.0 cents per gallon in the past week, averaging $1.70/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 10.5 cents per gallon higher than a month ago and stand 66.0 cents per gallon lower than a year ago.
“It’s no surprise that gasoline prices have increased for the sixth straight week as gasoline demand has hit its highest level since early March as Americans are returning to the roads,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
According to GasBuddy price reports, the cheapest station in Louisiana is priced at $1.39/g today while the most expensive is $2.96/g, a difference of $1.57/g.
The national average price of gasoline has risen 4.3 cents per gallon in the last week, averaging $2.02/g today. The national average is up 19.8 cents per gallon from a month ago and stands 72.5 cents per gallon lower than a year ago.
“With OPEC extending its large oil production cuts until at least July, oil prices continue to rally. In Sunday evening trade, a barrel of WTI crude oil briefly touched $40 per barrel, the highest level in months thanks to rebounding demand for oil and gasoline as well as the previous production cuts. While I don’t see oil’s strength holding too long given that oil demand remains 20-25% below a year ago, I believe the anxiety pushing oil prices up is coming from the fact that the economy may be recovering quicker than most anticipated. For now, motorists will likely continue to see gas prices rising for the weeks ahead,” said DeHaan.
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.