GasBuddy: Gas prices still rising in SBC

Shreveport gas prices have risen 1.5 cents per gallon in the past week, averaging $1.82/g today, according to GasBuddy’s daily survey of 177 stations. Gas prices in Shreveport are 2.6 cents per gallon lower than a month ago and stand 33.8 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 $1.57/g while the highest is $2.64/g, a difference of $1.07/g.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Neighboring areas and their current gas prices:
Little Rock- $1.82/g, up 2.5 cents per gallon from last week’s $1.79/g.
Dallas- $1.96/g, up 8.9 cents per gallon from last week’s $1.87/g.
Louisiana- $1.86/g, up 1.7 cents per gallon from last week’s $1.84/g.

“All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there’s ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it.”