Home News-Free Seasonal factors driving Louisiana gas prices down

Seasonal factors driving Louisiana gas prices down

Louisiana gas prices have fallen 1.8 cents per gallon in the past week, averaging $1.89/g today, according to GasBuddy’s daily survey of 2,436 stations. Gas prices in Louisiana are 4.8 cents per gallon higher than a month ago and stand 30.7 cents per gallon lower than a year ago. The cheapest station in Louisiana is priced at $1.61/g today while the most expensive is $2.89/g, a difference of $1.28/g. 

“Seasonal factors, as expected, are pushing gas prices down in most areas across the country. In addition, oil prices have hit a rough patch on renewed concerns about the economy and falling demand, leaving motorists the beneficiaries for the next few weeks,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has fallen 3.2 cents per gallon in the last week, averaging $2.17/g today. The national average is down 0.5 cents per gallon from a month ago and stands 38.6 cents per gallon lower than a year ago.

“No one should be in a rush to fill up as prices will likely continue to trend lower, especially as the summer gasoline requirement ends on Tuesday, ushering in cheaper to produce winter gasoline and a return to less fragmentation in supply since winter gasoline is common nearly coast-to-coast, making it less of a headache to produce fuel since it can be used universally,” siad 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. GasBuddy data is accessible at FuelInsights.GasBuddy.com.