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Price at the pump continues to rise

Average retail gasoline prices in Louisiana have risen 0.8 cents per gallon in the past week, averaging $2.26/g yesterday, according to GasBuddy’s daily survey of 2,436 gas outlets in Louisiana. This compares with the national average that has increased 0.4 cents per gallon in the last week to $2.48/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Louisiana during the past week, prices yesterday were 10.4 cents per gallon higher than the same day one year ago and are 1.6 cents per gallon higher than a month ago. The national average has increased 1.7 cents per gallon during the last month and stands 11.9 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on January 8 in Louisiana have ranged widely over the last five years:

$2.16/g in 2017, $1.75/g in 2016, $1.99/g in 2015, $3.10/g in 2014 and $3.19/g in 2013.

Areas near Louisiana and their current gas price climate:

Baton Rouge- $2.17/g, up 0.4 cents per gallon from last week’s $2.16/g.

Jackson- $2.20/g, up 2.5 cents per gallon from last week’s $2.18/g.

New Orleans- $2.19/g, up 1.4 cents per gallon from last week’s $2.18/g.

“As unseasonable cold finally breaks across the country, what may not break as quickly as the unseasonably high gas prices,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.

“Prices at the pump are higher than they were nearly all of last summer, mainly because oil prices remain high and due to the extreme cold weather that caused some snafus at refiners. Inventories of refined products have seen an impressive build in the last week, and there’s a strong likelihood that we may soon begin to see the national average falling toward the end of the month.”