Tuesday, March 19, 2024

Louisiana gas prices fall, 34 cents cheaper than national average

by BIZ Magazine

Louisiana gas prices have fallen 1.7 cents per gallon in the past week, averaging $2.71/g Monday, according to GasBuddy’s daily survey of 2,436 stations in Louisiana. Gas prices in Louisiana are unchanged versus a month ago and stand 93.5 cents per gallon higher than a year ago. The cheapest station in Louisiana is priced at $2.39/g Monday while the most expensive is $3.09/g, a difference of 70.0 cents per gallon.

“The ferocious rise in gas prices has finally started to cool as gas prices have eased across a majority of the country for the first time in months,” said Patrick De Haan, head of petroleum analysis for GasBuddy.

The national average price of gasoline has fallen 2.1 cents per gallon in the last week, averaging $3.05/g Monday. The national average is up 2.0 cents per gallon from a month ago and stands 93.5 cents per gallon higher than a year ago.

“There have been some challenges in pockets across the country as demand remains very healthy, and stations in some areas where demand is very high struggle to keep up with demand thanks to the truck driver shortage. As we head toward the July 4 holiday, I’m optimistic that we’ll continue to see prices slowly drift lower before possibly rising in later July or August should we see any disruptions from hurricane season. But for now it seems most Americans are simply happy to be getting outside and back to some sense of normal.”

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