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Gas prices see small rise for first time in seven weeks

Louisiana gas prices have risen 0.7 cents per gallon in the past week, averaging $1.81/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 8.5 cents per gallon lower than a month ago and stand 37.6 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.59/g today while the most expensive is $2.39/g, a difference of 80.0 cents per gallon. 

“For the first time in seven weeks, GasBuddy data showed average gas prices rose last week, unsurprising given the previous 18% jump in the price of crude oil on promising vaccine news,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has risen 1.2 cents per gallon in the last week, averaging $2.12/g today. The national average is down 4.3 cents per gallon from a month ago and stands 49.0 cents per gallon lower than a year ago.

“This year has been anything but normal and such news of promising vaccine results will likely rekindle gas prices for a short while. We’re likely to see prices inch up slightly again this week as gas stations continue to try to pass along the rise from last week to retail, but ahead of Thanksgiving, prices should be mostly stable. For now, motorists shouldn’t expect too many fireworks at the pump, but the upcoming release of GasBuddy’s Holiday Travel survey highlights some big changes motorists are making for the last six weeks of the year,” 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.