Gas prices fall again

Shreveport gas prices have fallen 0.5 cents per gallon in the past week, averaging $1.56/g today, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 6.2 cents per gallon lower than a month ago and stand 83.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Shreveport is priced at $1.35/g today while the most expensive is $1.99/g, a difference of 64.0 cents per gallon. The lowest price in the state today is $1.18/g while the highest is $2.96/g, a difference of $1.78/g.

The national average price of gasoline has risen 6.4 cents per gallon in the last week, averaging $1.83/g today. The national average is down 1.1 cents per gallon from a month ago and stands 102.8 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:
Little Rock- $1.40/g, up 10.8 cents per gallon from last week’s $1.29/g.
Dallas- $1.40/g, up 4.8 cents per gallon from last week’s $1.35/g.
Louisiana- $1.60/g, unchanged from last week’s $1.60/g.

“Gasoline demand continues rebound across the U.S. as more states re-open, with a week on week rise of nearly 5%, according to data from GasBuddy’s free payments card. The boost in demand has led oil and gasoline prices to rally, and as long as states continue to loosen restrictions, it’ll mean more motorists on the roads and filling their tank,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “Most states saw prices rise last week, but yet again Great Lakes states, which were the largest beneficiaries of ultra-low prices, saw the most pain as retail gasoline prices fall back into their normal territory against the national average. For now, the continued recovery in gas prices will nearly completely depend on improvement in the coronavirus situation, as so long as refineries boost production again as demand continues to rise again.”