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Louisiana gas prices rise as consumer demand sees recovery

Louisiana, LA, January 18- Gasoline prices in Louisiana have risen 5.2 cents per gallon in the past week, averaging $2.07/g yesterday, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. This compares with the national average that has increased 4.2 cents per gallon versus last week to $2.38/g, according to GasBuddy.

“Gas prices have jumped to yet another multi-month high as crude oil price rise amidst perceived improvement in the COVID-19 pandemic, which continues to pump prices up as demand shows renewed signs of recovery,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. 

Including the change locally during the past week, prices yesterday were 16.9 cents per gallon lower than a year ago and are 17.0 cents per gallon higher than a month ago. The national average has increased 15.6 cents per gallon during the last month and stands 17.4 cents per gallon lower than a year ago.

“In addition, with rumors swirling that President-elect Biden plans to cancel approval of the Keystone XL pipeline, which would cut off reliable Canadian oil to the U.S., oil prices may see additional pressure in the coming days. For now, the upward trend in gas prices may slow from the sharp rise in the last week, but motorists shouldn’t expect much of a break from rising gas prices, which now stand less than twenty cents from their year-ago levels,” said Patrick DeHaan.

GasBuddy is a technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road.