Thursday, May 30, 2024

Gas Prices Dip in Louisiana, National Average Shows Slight Decrease

by BIZ Magazine

Louisiana motorists can breathe a sigh of relief as average gasoline prices in the state have dropped by 3.5 cents per gallon over the last week, according to the latest data from GasBuddy. The survey, conducted across 2,436 stations in Louisiana, reveals that the average price now stands at $3.07 per gallon.

Compared to a month ago, prices have decreased by 4.1 cents per gallon, offering some relief at the pump for drivers across the state. Furthermore, prices are 6.2 cents per gallon lower than they were at the same time last year.

The national average price of diesel has also seen a decline, falling by 2.9 cents per gallon over the past week to reach $3.98 per gallon.

GasBuddy’s price reports highlight the significant variability in gas prices across Louisiana. Yesterday, the cheapest station was offering gas at $2.69 per gallon, while the most expensive station was charging $4.09 per gallon, reflecting a difference of $1.40 per gallon. This disparity underscores the importance of shopping around for the best fuel prices.

Nationally, the average price of gasoline has decreased by 1.9 cents per gallon in the last week, now averaging $3.63 per gallon. However, compared to a month ago, prices are up by 8.4 cents per gallon, representing a significant increase. Despite this, the current national average is still 4.3 cents per gallon higher than it was at this time last year.

Looking at historical data, gas prices in Louisiana and across the nation have fluctuated over the past decade. For instance, on April 29, 2023, the average price of gas in Louisiana was $3.13 per gallon, while the national average stood at $3.58 per gallon. This contrasts with April 29, 2014, when gas prices peaked at $3.48 per gallon in Louisiana and $3.70 per gallon nationally.

In neighboring areas, gas prices have also seen declines. In Baton Rouge, prices have dropped by 2.5 cents per gallon, reaching $3.05 per gallon. Jackson has experienced a decrease of 3.7 cents per gallon, with prices now at $3.01 per gallon. Meanwhile, New Orleans has seen a decline of 5.6 cents per gallon, with prices currently at $3.13 per gallon.

Patrick De Haan, head of petroleum analysis at GasBuddy, reassures consumers, stating, “With more confidence every day, it appears the spring top is in.” He anticipates relief for drivers in the weeks ahead and suggests that gas prices may remain stable throughout the summer, similar to last year’s trends.

GasBuddy remains a reliable source for up-to-date gas price information, with its survey updating 288 times every day from nearly 150,000 stations nationwide. Consumers can access GasBuddy’s data at http://prices.GasBuddy.com for the most comprehensive and current information.

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