Louisiana gas prices see slight fall

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(August 30, 2021) – Louisiana gas prices have fallen 0.8 cents per gallon in the past week, averaging $2.81/g today, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. Gas prices in Louisiana are 0.5 cents per gallon higher than a month ago and stand 91.7 cents per gallon higher than a year ago. The cheapest station in Louisiana is priced at $2.49/g today while the most expensive is $3.35/g, a difference of 86.0 cents per gallon. 

“While the national average price of gasoline declined yet again over the last week, Hurricane Ida has been causing countless disruptions to critical infrastructure, including oil production, refineries and pipelines. We’re likely to see a reversal this week, but motorists need not be too concerned at this point,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has fallen 2.2 cents per gallon in the last week, averaging $3.12/g today. The national average is down 2.9 cents per gallon from a month ago and stands 90.1 cents per gallon higher than a year ago.

 “I expect the national average to rise in the neighborhood of 5-15 cents per gallon in the next couple of weeks- far smaller than the impact from Hurricanes Katrina and Harvey, but with damage assessments still to come, it’s possible we see slight deviation from that. While Colonial Pipeline shut Lines 1 and 2 as a precaution, it’s highly unlikely that this will cause any long-term disruption to fuel supply like we saw months ago after the company was hacked. The biggest question for refineries will be the flooding- which could alter the rise in gas prices, but the odds of a massive surge in gas prices nationwide are extremely low,” 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.

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