Shreveport, LA — Gas prices in Shreveport continue their steady decline, providing welcome relief to motorists ahead of the busy Thanksgiving travel season. According to GasBuddy’s latest survey of 177 stations in the area, the average price for a gallon of gasoline in Shreveport has fallen by 6.6 cents in the past week, reaching $2.46 per gallon. This marks a 12.9-cent decrease compared to last month and an 11.3-cent drop from the same time last year.
Local Gas Price Trends
- Cheapest Station: $2.32 per gallon.
- Most Expensive Station: $2.79 per gallon.
- Statewide Range: $2.32 to $3.45 per gallon, a difference of $1.13.
These prices place Shreveport among the more affordable markets for gasoline, particularly compared to neighboring areas like Little Rock ($2.57/g) and Dallas ($2.62/g), which have also seen price drops in recent weeks.
National Perspective
The national average price of gasoline fell by 1.4 cents over the past week, now averaging $3.01 per gallon. Although 32 states have reached a sub-$3 average, national prices remain just shy of the $2.99 threshold. This marks the lowest average for the Thanksgiving period since 2021, offering a brighter economic outlook for holiday travelers.
Historical Gas Prices in Shreveport
- 2023: $2.57/g
- 2022: $2.87/g
- 2021: $3.01/g
- 2020: $1.79/g
These figures reflect the shifting dynamics of fuel costs over the years, influenced by global events, market fluctuations, and regional factors.
Analysis and Outlook
Patrick De Haan, head of petroleum analysis at GasBuddy, notes that while oil prices remain above $70 per barrel due to geopolitical tensions, promotions and market dynamics are helping push prices lower.
“Americans are seeing the lowest national average price of gasoline since 2021, with a far better economic picture than when gas prices were last this low,” said De Haan. “As we head into Thanksgiving, this trend is offering a much-needed break for holiday travelers.”
About GasBuddy
GasBuddy provides comprehensive data on gas prices across the U.S. and Canada, including station-level insights and historical trends. For more information and real-time updates, visit GasBuddy’s website.