The average price for a gallon of regular gas in Louisiana is $3.03 today, that’s down 28 cents from this time last month. And AAA spokesperson Nick Chabarria says the average price in Louisiana is down almost a dime from a year ago.
“It’s great news, a great relief for drivers that they are coming down, and we’ll certainly likely continue to see our current averages below where we were last year as we head towards the end of 2022,” said Chabarria.
Chabarria credits a drop in crude oil prices for relief at the pump. He says crude oil prices account about for 50 to 60 percent of what motorists pay at the pump.
“And we’ve really seen stable crude oil prices for the last two months or so now hovering right around the $80 mark. And we haven’t really seen that since late last year,” said Chabarria.
In addition to crude oil prices stabilizing, Chabarria says with today marking the end of the 2022 hurricane season, we were extremely fortunate we didn’t experience multiple storms in the gulf this year. And barring any disruptions he expects the average price in Louisiana to drop below $3.00 a gallon this week.
“And that will be the first time that Louisiana will have a statewide average below $3.00 a gallon since October of last year,” said Chabarria.
A week ago, the average price for regular gas in Louisiana was $3.14.
To follow the statewide average for gas click here.
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