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Gas prices tumble again in Louisiana

Louisiana gas prices have fallen 5.6 cents per gallon in the past week, averaging $2.22/g Sunday, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 18.1 cents per gallon lower than a month ago, yet stand 37.3 cents per gallon lower than a year ago.

“For a surprising fifth straight week, the national average has declined, ushering in lower gas prices to every state and providing relief to consumers who’ve watched the stock market tank, but for the same reason, oil prices have plunged,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

According to GasBuddy price reports, the cheapest station in Louisiana is priced at $1.95/g today while the most expensive is $3.09/g, a difference of $1.14/g. The lowest price in the state today is $1.95/g while the highest is $3.09/g, a difference of $1.14/g. The cheapest price in the entire country as of Sunday tands at $1.81/g while the most expensive is $5.09/g, a difference of $3.28/g. 

The national average price of gasoline has fallen 3.5 cents per gallon in the last week, averaging $2.60/g today. The national average is down 17.0 cents per gallon from a month ago, yet stands 22.2 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:

Baton Rouge- $2.11/g, down 4.4 cents per gallon from last week’s $2.15/g.

Jackson- $2.20/g, down 3.8 cents per gallon from last week’s $2.24/g.

New Orleans- $2.15/g, down 3.0 cents per gallon from last week’s $2.18/g.

“While gasoline demand remains healthy, continued worry over U.S. and China relations clouds energy markets and has weighed significantly on oil prices,” DeHaan said.

“As the summer draws to a close, the declines may slow down as new signs from both the U.S. and China show a less aggressive tone regarding trade, but we’ll have to see if that materializes into something concrete in the weeks ahead. For now I believe we’ll see more moves to the downside for most states as the national average continues to move to fresh summer lows as Labor Day approaches.”