Saturday, May 25, 2024

Gas Prices Rise in Shreveport, National Average Remains Steady

by BIZ Magazine

Shreveport, LA – Gasoline prices in Shreveport have seen a slight increase over the past week, according to the latest report from GasBuddy. The average price per gallon has risen by 0.9 cents, reaching $3.05/gallon today. However, prices remain 1.6 cents lower than a month ago and 14.8 cents lower compared to the same time last year.

The national average price of gasoline has also experienced a modest uptick, rising by 4.3 cents per gallon over the past week to $3.64/gallon. Despite this increase, the national average is still 1.1 cents lower than a year ago.

In Shreveport, prices at the pump vary significantly, with the cheapest station selling gas at $2.79/gallon and the most expensive station charging $3.59/gallon. This 80-cent difference highlights the importance of shopping around for the best deals.

Looking back over the past decade, historical data shows fluctuations in gas prices:

  • April 22, 2023: $3.20/gallon (U.S. Average: $3.66/gallon)
  • April 22, 2022: $3.77/gallon (U.S. Average: $4.11/gallon)
  • April 22, 2021: $2.65/gallon (U.S. Average: $2.88/gallon)
  • April 22, 2020: $1.59/gallon (U.S. Average: $1.77/gallon)
  • April 22, 2019: $2.51/gallon (U.S. Average: $2.85/gallon)
  • April 22, 2018: $2.46/gallon (U.S. Average: $2.75/gallon)
  • April 22, 2017: $2.16/gallon (U.S. Average: $2.42/gallon)
  • April 22, 2016: $1.88/gallon (U.S. Average: $2.13/gallon)
  • April 22, 2015: $2.25/gallon (U.S. Average: $2.48/gallon)
  • April 22, 2014: $3.51/gallon (U.S. Average: $3.66/gallon)

Meanwhile, neighboring areas are experiencing similar trends. Little Rock’s gas prices have risen to $3.14/gallon, while Dallas residents are paying $3.42/gallon. However, Louisiana’s average gas price has decreased slightly to $3.10/gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, noted that while summer gasoline transition is complete, refinery maintenance remains a factor affecting prices. However, with many refineries expected to finish maintenance soon, gasoline output is likely to increase, leading to potential price reductions in the near future.

GasBuddy’s comprehensive survey, which updates 288 times daily from nearly 150,000 stations nationwide, remains a valuable resource for consumers seeking real-time gas price information.

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