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Louisiana gas prices drop after weeks of rising

Louisiana gas prices have fallen 1.9 cents per gallon in the past week, averaging $1.85/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 6.3 cents per gallon higher than a month ago and stand 54.7 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.61/g today while the most expensive is $2.89/g, a difference of $1.28/g. 

“Similar to watching the Cubs game last night with a quiet and empty stadium, gasoline prices have been quiet last week as markets await the next chapter in the coronavirus situation,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has fallen 2.0 cents per gallon in the last week, averaging $2.18/g today. The national average is up 5.4 cents per gallon from a month ago and stands 58.4 cents per gallon lower than a year ago.

“As cases continue to rise, the likelihood rises that gas prices will stabilize and demand may continue to see small decreases, which is the name of the game behind gas prices. I wouldn’t expect much movement until we either see more states being impacted again or we see cases start to drop, either one would provide clarity to where we stand now. For now, motorists are still ‘stuck’ with the lowest summer gas prices in 16 years,” 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. GasBuddy data is accessible at FuelInsights.GasBuddy.com.