GasBuddy: Price at the pump drops in SBC

Shreveport gas prices have fallen 0.9 cents per gallon in the past week, averaging $1.80/g today, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 5.9 cents per gallon lower than a month ago and stand 35.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Shreveport is priced at $1.61/g today while the most expensive is $2.29/g, a difference of 68.0 cents per gallon. The lowest price in the state today is $1.09/g while the highest is $2.89/g, a difference of $1.80/g.

The national average price of gasoline has fallen 1.2 cents per gallon in the last week, averaging $2.16/g today. The national average is down 3.9 cents per gallon from a month ago and stands 45.2 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:
Little Rock- $1.78/g, down 0.4 cents per gallon from last week’s $1.79/g.
Dallas- $1.88/g, up 3.7 cents per gallon from last week’s $1.84/g.
Louisiana- $1.83/g, down 1.7 cents per gallon from last week’s $1.85/g.

“For the seventh straight week and now some 53 days, the national average price of gasoline has stayed in a range of less than a nickel, an incredible feat for the summer driving season, and a level of summer stability we haven’t seen in decades,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “However, with new data from the Pay with GasBuddy payments card showing weekly demand last week rose to a fresh coronavirus high, we may see some upside in oil prices propelled by the good news that demand is solidly moving higher again. Should demand continue to rebound, its only natural that with less oil on global markets, prices are likely to drift to the upside if the situation continues to improve. “