SBC gas prices keep climbing

Shreveport gas prices have risen 6.9 cents per gallon in the past week, averaging $1.74/g today, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 17.0 cents per gallon higher than a month ago and stand 47.9 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Shreveport is priced at $1.59/g today while the most expensive is $1.99/g, a difference of 40.0 cents per gallon. The lowest price in the state today is $1.49/g while the highest is $2.96/g, a difference of $1.47/g.

The national average price of gasoline has risen 4.7 cents per gallon in the last week, averaging $2.09/g today. The national average is up 23.3 cents per gallon from a month ago and stands 57.7 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:
Little Rock- $1.73/g, up 6.4 cents per gallon from last week’s $1.66/g.
Dallas- $1.83/g, up 14.1 cents per gallon from last week’s $1.69/g.
Louisiana- $1.77/g, up 5.0 cents per gallon from last week’s $1.72/g.

“As gasoline demand continues on the road to recovery, the national average has advanced for another week, making it seven straight weeks of rising gas prices as the easing coronavirus situation inspires more Americans to hit the road,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Data from Pay with GasBuddy shows U.S. gasoline demand rose 2.4% last week to its highest level in over three months, giving renewed confidence that amidst OPEC’s crude oil cutbacks, supply will remain in check. I expect the upward trend to continue across most of the country ahead of July 4, with prices perhaps rising another 10-20 cents by then. The one thing that could bring restraint to rising gas prices is if we see a significant second wave of COVID-19 cases, but for now, I’m optimistic that won’t happen.”