Louisiana gas prices have fallen 2.3 cents per gallon in the past week, averaging $2.12/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 1.9 cents per gallon lower than a month ago and stand 7.4 cents per gallon lower than a year ago.
“As the spread of the coronavirus induces panic on markets, oil prices have been walloped and motorists should avoid filling up as the plummet in oil prices starts showing up at their local gas station in the days ahead,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
The national average price of gasoline has fallen 6.2 cents per gallon in the last week, averaging $2.41/g today. The national average is down 4.4 cents per gallon from a month ago and stands 1.8 cents per gallon lower than a year ago.
“Nearly every village, town and city in every state will see gas prices dropping- the pace may vary, of course- but over the next week gas prices will move lower solidly, barring any dramatic improvement in the spread of the virus,” said DeHaan.
“The drop in oil is little comfort to those who’ve been watching the stock market fall, but gas stations have plenty of room to drop prices, in some cases nearly 25-35 cent drops over the next few weeks will happen. My advice for motorists is delay buying gasoline and expect noticeable drops for the time being as the world obsesses over the spread of COVID-19”
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.