Thursday, July 18, 2024

Gas Prices in Shreveport Surge Nearly 10 Cents Per Gallon in Past Week

by BIZ Magazine

SHREVEPORT, La. – Gasoline prices in Shreveport have risen significantly over the past week, increasing by 9.9 cents per gallon to an average of $2.94 per gallon, according to a recent survey by GasBuddy of 177 stations in the area. This marks a 10.0-cent increase from last month, although prices remain 3.9 cents per gallon lower than they were a year ago.

The national average price of diesel has also seen an uptick, rising 3.6 cents per gallon over the past week to $3.81 per gallon.

According to GasBuddy price reports, the lowest price for gasoline in Shreveport yesterday was $2.73 per gallon, while the highest was $3.29 per gallon, a difference of 56 cents. Statewide, prices varied even more, with the cheapest at $2.67 per gallon and the highest at $3.99 per gallon, a spread of $1.32.

Nationally, the average price of gasoline remained steady over the past week at $3.46 per gallon. This average is up 3.7 cents per gallon from a month ago but 5.5 cents per gallon lower than the same time last year.

Historical Gasoline Prices in Shreveport and National Averages:

  • July 8, 2023: $2.98/g (U.S. Average: $3.52/g)
  • July 8, 2022: $4.16/g (U.S. Average: $4.70/g)
  • July 8, 2021: $2.78/g (U.S. Average: $3.15/g)
  • July 8, 2020: $1.83/g (U.S. Average: $2.19/g)
  • July 8, 2019: $2.36/g (U.S. Average: $2.75/g)
  • July 8, 2018: $2.54/g (U.S. Average: $2.85/g)
  • July 8, 2017: $1.97/g (U.S. Average: $2.26/g)
  • July 8, 2016: $2.03/g (U.S. Average: $2.24/g)
  • July 8, 2015: $2.49/g (U.S. Average: $2.76/g)
  • July 8, 2014: $3.46/g (U.S. Average: $3.65/g)

Neighboring Areas and Their Current Gas Prices:

  • Little Rock: $3.00/g, up 1.2 cents from last week’s $2.99/g.
  • Dallas: $3.11/g, down 11.4 cents from last week’s $3.23/g.
  • Louisiana: $3.00/g, up 7.0 cents from last week’s $2.93/g.

Patrick De Haan, head of petroleum analysis at GasBuddy, commented on the national trends, saying, “The national average price of gasoline has nudged higher over the last week as oil prices have continued to push toward multi-month highs. While it looks like this recent rise could be restrained for now, Hurricane Beryl is a stark reminder that hurricane season could play a role in prices in the weeks ahead. For now, we’ll likely continue to see some fluctuations in either direction with the national average moving up, but as we approach August and the peak of hurricane season, there remains a risk that the national average could surge temporarily if we see a major storm in the wrong place.”

GasBuddy is known for providing authoritative data on gas prices, updating its surveys 288 times daily from a comprehensive list of nearly 150,000 stations nationwide. For more detailed information, including averages, graphs, maps, and historical pricing data for the U.S. and Canada, visit GasBuddy.

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