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Louisiana gas prices see decline after weeks of increase

Louisiana gas prices have fallen 0.8 cents per gallon in the past week, averaging $1.84/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 15.7 cents per gallon higher than a month ago and stand 53.4 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 $2.89/g, a difference of $1.30/g. 

“With July 4 behind us, we’re now half way through the summer driving season, and the pace of gas price increases has finally hit a wall. As of Sunday evening, it appears possible that we may break the nine straight weeks of rising prices thanks to a drop in demand fueled by COVID-19 cases surging in some states,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has fallen 1.2 cents per gallon in the last week, averaging $2.17/g today. The national average is up 14.9 cents per gallon from a month ago and stands 58.1 cents per gallon lower than a year ago.

“So far this summer, both holidays have seen the lowest prices since 2004, and its possible that if things don’t improve much by Labor Day we could see the rare trifecta of every summer holiday setting multi-year lows. For now, I believe we may see increases stall and some minor increases or decreases until we see a solid change in the coronavirus situation. For now, some states will see slight increases, some may see slight decreases, but gas prices are essentially stuck in limbo,” said DeHaan.

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.