Recent increase in gas prices brings state average to $2.61 a gallon
Posted on 5/16/2018 6:02:00 AM.

A recent six-cent rise in gas prices puts the state average at $2.61 a gallon for regular gasoline.  AAA fuel analyst, Don Redman, says multiple factors are all conspiring against the consumer. Redman says recent withdrawal from the Iran deal has negatively affected the market.    

“The market did react to the President’s decision to pull out of the Iran Deal. Adding sanctions back to Iran means tightening some of the oil coming out of that country.” 

Gas prices during the summer typically fluctuates due to more traveling and reformulated fuel. Redman says in addition to increased sanctions, increased energy demands will affect national and global prices.

“As the economy grows, not only in the U.S. but globally, so does the demand for energy. You see an increased demand with lower inventories and all of this means higher prices for the consumer at the pump.”

Redman has some good news though, he does not project that Louisiana will reach 3-dollars a gallon during the summer.

 “I think the Gulf South probably will not see 3-dollar gallons, but large portions of the country are already there or certainly heading that direction.”

Redman says the Baton Rouge Metropolitan area averages around $2.54 a gallon.

Iran deal, gas prices, Baton Rouge Metropolitan area

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