GasBuddy: A slight drop at the gas pump

Shreveport gas prices have fallen 0.6 cents per gallon in the past week, averaging $1.84/g today, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 5.7 cents per gallon higher than a month ago and stand 50.1 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Shreveport is priced at $1.68/g today while the most expensive is $2.03/g, a difference of 35.0 cents per gallon. The lowest price in the state today is $1.61/g while the highest is $2.89/g, a difference of $1.28/g.

The national average price of gasoline has fallen 2.0 cents per gallon in the last week, averaging $2.18/g today. The national average is up 5.4 cents per gallon from a month ago and stands 58.4 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:
Little Rock- $1.80/g, down 1.4 cents per gallon from last week’s $1.82/g.
Dallas- $1.92/g, up 2.2 cents per gallon from last week’s $1.90/g.
Louisiana- $1.85/g, down 1.9 cents per gallon from last week’s $1.87/g.

“Similar to watching the Cubs game last night with a quiet and empty stadium, gasoline prices have been quiet last week as markets await the next chapter in the coronavirus situation,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “As cases continue to rise, the likelihood rises that gas prices will stabilize and demand may continue to see small decreases, which is the name of the game behind gas prices. I wouldn’t expect much movement until we either see more states being impacted again or we see cases start to drop, either one would provide clarity to where we stand now. For now, motorists are still ‘stuck’ with the lowest summer gas prices in 16 years.”