Saturday, July 13, 2024

Gasoline Prices Drop in Shreveport, Reflecting National Trend

by BIZ Magazine

SHREVEPORT, LA — Average gasoline prices in Shreveport have decreased by 8.1 cents per gallon over the past week, settling at an average of $2.95 per gallon, according to a recent survey by GasBuddy, which included data from 177 stations in the area. This local decline mirrors broader national trends, with prices in Shreveport now standing 20.2 cents per gallon lower than a month ago and 6.2 cents per gallon lower compared to the same period last year.

Nationally, the average price of diesel fuel has also seen a reduction, dropping by 1.8 cents in the past week to $3.82 per gallon. GasBuddy’s reports indicate that the lowest-priced station in Shreveport was selling gasoline at $2.66 per gallon, while the highest price recorded was $3.44 per gallon, representing a substantial difference of 78.0 cents per gallon. Statewide, prices ranged from $2.66 to $3.99 per gallon, a disparity of $1.33 per gallon.

Across the country, the average price of gasoline has fallen by 5.8 cents per gallon in the last week, now averaging $3.50 per gallon. This national average is 15.9 cents lower than it was a month ago and 1.9 cents lower than the previous year, based on GasBuddy’s extensive dataset, which includes over 11 million weekly price reports from more than 150,000 gas stations nationwide.

Historical Gasoline Prices in Shreveport and National Averages:

  • June 3, 2023: $3.02/g (U.S. Average: $3.52/g)
  • June 3, 2022: $4.38/g (U.S. Average: $4.81/g)
  • June 3, 2021: $2.69/g (U.S. Average: $3.04/g)
  • June 3, 2020: $1.63/g (U.S. Average: $1.99/g)
  • June 3, 2019: $2.30/g (U.S. Average: $2.80/g)
  • June 3, 2018: $2.61/g (U.S. Average: $2.94/g)
  • June 3, 2017: $2.09/g (U.S. Average: $2.37/g)
  • June 3, 2016: $2.12/g (U.S. Average: $2.35/g)
  • June 3, 2015: $2.48/g (

U.S. Average: $2.76/g)

  • June 3, 2014: $3.42/g (U.S. Average: $3.67/g)

Current Gas Prices in Neighboring Areas:

  • Little Rock: $2.96/g, down 4.6 cents from last week’s $3.01/g.
  • Dallas: $3.06/g, down 18.1 cents from last week’s $3.24/g.
  • Louisiana: $3.04/g, down 6.1 cents from last week’s $3.10/g.

Patrick De Haan, head of petroleum analysis at GasBuddy, remarked on the recent trends, stating, “The calendar has closed on May, and so too has the door closed on rising gas prices, with the national average declining to its lowest level since March. Thankfully, gas prices are unlikely to be moved by OPEC’s meeting and agreement to extend production cuts into 2025, leading the national average to fall below $3.50 in the next week. With GasBuddy data showing gasoline demand plummeting after Memorial Day, and refiners inputting the largest amount of oil into their facilities in years, it’s very likely we’ll continue to see gas prices fall as we approach July 4. Diesel prices also continue to decline to their lowest level in nearly 11 months. The future looks bright for falling fuel prices across the board, though we’ll have to keep our eyes on hurricane season.”

GasBuddy remains a crucial resource for tracking fuel prices, offering comprehensive and up-to-date data from nearly 150,000 stations nationwide. For the latest on gasoline prices and trends, visit GasBuddy’s website at prices.GasBuddy.com.

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