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Increase on gas prices start to slow in Louisiana

Louisiana gas prices have risen 2.6 cents per gallon in the past week, averaging $2.11/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 18.0 cents per gallon higher than a month ago and stand 9.4 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.76/g today while the most expensive is $2.89/g, a difference of $1.13/g. 

“Finally, after several weeks of sharply rising gas prices, the pace of price increases has slowed significantly in recent days as prices are now largely caught up to oil’s increases as of late,” said Patrick De Haan, head of petroleum analysis for GasBuddy. 

The national average price of gasoline has risen 1.1 cents per gallon in the last week, averaging $2.40/g today. The national average is up 14.4 cents per gallon from a month ago and stands 12.6 cents per gallon lower than a year ago.

“While the national average remains at its highest level since the pandemic, increases are likely to slow down in the immediate short-term unless and until oil prices see renewed momentum. When it comes to demand, Pay with GasBuddy data showed last week’s gasoline demand at its highest level since November, another bullish factor as the nation continues to see slow improvement from the pandemic,” said Patrick 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.