Thursday, July 18, 2024

Gas Prices in Shreveport Drop Significantly Ahead of Summer Driving Season

by BIZ Magazine

Shreveport, LA – June 10, 2024 – Drivers in Shreveport are experiencing a welcome reprieve at the pump as average gasoline prices have fallen by 15.1 cents per gallon over the past week, now averaging $2.80 per gallon, according to GasBuddy’s recent survey of 177 stations in the area. This marks a substantial decrease of 23.6 cents per gallon from a month ago and 22.6 cents per gallon lower than the same period last year.

Significant Price Variations

The latest GasBuddy price reports highlight a significant variation in gas prices across Shreveport. The cheapest station was priced at $2.57 per gallon yesterday, while the most expensive was $3.39 per gallon, resulting in a price difference of 82 cents per gallon. Statewide, the lowest price was also $2.57 per gallon, with the highest reaching $3.79 per gallon—a $1.22 per gallon difference.

National Trends

The national average price of gasoline has also seen a notable decline, dropping 10 cents per gallon over the past week to $3.40 per gallon. This figure is 23 cents per gallon lower than a month ago and 18.2 cents per gallon less than a year ago. In comparison, the average price of diesel fuel nationally has decreased by 6.7 cents over the last week, standing at $3.75 per gallon.

Historical Gas Prices

A look back at historical data provides context for these changes:

  • June 10, 2023: $3.03/g (U.S. Average: $3.58/g)
  • June 10, 2022: $4.52/g (U.S. Average: $5.01/g)
  • June 10, 2021: $2.69/g (U.S. Average: $3.08/g)
  • June 10, 2020: $1.71/g (U.S. Average: $2.08/g)
  • June 10, 2019: $2.27/g (U.S. Average: $2.73/g)

Regional Comparisons

Neighboring areas are also seeing declines:

  • Little Rock: $2.92/g, down 4.6 cents per gallon from last week’s $2.96/g.
  • Dallas: $2.87/g, down 18.9 cents per gallon from last week’s $3.06/g.
  • Louisiana: $2.97/g, down 6.9 cents per gallon from last week’s $3.04/g.

Expert Insights

“We’ve seen one of the larger weekly drops in the national average price of gasoline in some time, and what incredible timing that it comes at the beginning of the summer driving season,” commented Patrick De Haan, head of petroleum analysis at GasBuddy. “Americans will spend roughly $425 million less per week on gasoline than a year ago. In addition, the price of diesel has fallen alongside gasoline to its lowest level since Russia’s invasion of Ukraine in early 2022. This price decline party is ramping up, and I expect additional declines ahead of July 4 for both gasoline and diesel prices.”

About GasBuddy

GasBuddy is a leading source for real-time fuel prices and station-level data, providing comprehensive information from nearly 150,000 stations nationwide. With updates occurring 288 times daily, GasBuddy remains the most authoritative voice on gas prices in the U.S. and Canada.

For more detailed pricing information, historical data, and fuel price trends, visit GasBuddy.

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