Saturday, July 20, 2024

Shreveport Gas Prices Fall as National Diesel Costs Rise

by BIZ Magazine

Average gasoline prices in Shreveport have decreased by 9.0 cents per gallon in the past week, now averaging $2.84 per gallon, according to GasBuddy’s survey of 177 stations in the area. This is a continuation of a downward trend, with prices 11.6 cents per gallon lower than a month ago and 15.3 cents per gallon lower than this time last year.

In contrast, the national average price of diesel has increased by 1.4 cents per gallon over the last week, standing at $3.77 per gallon. Meanwhile, the national average price of gasoline has risen by 5.0 cents per gallon, now averaging $3.46 per gallon. This figure is down 6.0 cents per gallon from a month ago and 5.4 cents per gallon lower than a year ago.

Local and Statewide Gas Price Variations

According to GasBuddy’s reports, the cheapest station in Shreveport yesterday priced gasoline at $2.63 per gallon, while the most expensive was $3.19 per gallon, a difference of 56.0 cents per gallon. The statewide range was broader, with the lowest price at $2.59 per gallon and the highest at $3.59 per gallon, a full dollar difference.

Neighboring areas also saw varied price changes:

  • Little Rock: Prices rose by 11.2 cents per gallon to $2.99.
  • Dallas: Prices increased by 11.6 cents per gallon to $3.23.
  • Louisiana: The statewide average fell by 2.6 cents per gallon to $2.93.

Historical Price Trends

Historical data reveals fluctuating gas prices in Shreveport over the past decade:

  • July 1, 2023: $3.00/g (U.S. Average: $3.52/g)
  • July 1, 2022: $4.33/g (U.S. Average: $4.83/g)
  • July 1, 2021: $2.73/g (U.S. Average: $3.12/g)
  • July 1, 2020: $1.82/g (U.S. Average: $2.18/g)
  • July 1, 2019: $2.31/g (U.S. Average: $2.72/g)
  • July 1, 2018: $2.51/g (U.S. Average: $2.84/g)
  • July 1, 2017: $1.96/g (U.S. Average: $2.23/g)
  • July 1, 2016: $2.06/g (U.S. Average: $2.27/g)
  • July 1, 2015: $2.50/g (U.S. Average: $2.76/g)
  • July 1, 2014: $3.47/g (U.S. Average: $3.67/g)

Outlook and Analysis

Patrick De Haan, head of petroleum analysis at GasBuddy, noted, “As we approach July 4 later this week, motorists have seen the national average price of gasoline inch up ever so slightly for the third straight week. With oil continuing to hold above $80 per barrel, we could see the national average climb slightly. Prices in most areas are very comparable to last July 4. However, with Hurricane Beryl now formed in the Caribbean, we’re reminded that gas prices could experience some jolts in the second half of the summer should a storm threaten refining capacity in Texas or Louisiana.”

GasBuddy remains a reliable source for gas prices, updating its survey 288 times daily from over 150,000 stations nationwide. Comprehensive and up-to-date information is available at prices.GasBuddy.com.

You may also like

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00