Home News-Free Louisiana gas prices show summer stability not seen in decades

Louisiana gas prices show summer stability not seen in decades

Louisiana gas prices have fallen 1.7 cents per gallon in the past week, averaging $1.83/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 3.6 cents per gallon lower than a month ago and stand 40.2 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.09/g today while the most expensive is $2.89/g, a difference of $1.80/g. 

“For the seventh straight week and now some 53 days, the national average price of gasoline has stayed in a range of less than a nickel, an incredible feat for the summer driving season, and a level of summer stability we haven’t seen in decades,” 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 $2.16/g today. The national average is down 3.9 cents per gallon from a month ago and stands 45.2 cents per gallon lower than a year ago.

“With new data from the Pay with GasBuddy payments card showing weekly demand last week rose to a fresh coronavirus high, we may see some upside in oil prices propelled by the good news that demand is solidly moving higher again. Should demand continue to rebound, it’s only natural that with less oil on global markets, prices are likely to drift to the upside if the situation continues to improve,” 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.