The statewide average for a gallon of regular gas in Louisiana today dropped below $3.40 to $3.36 a gallon. Triple-A fuel analyst Don Redman says currently, the statewide average price for a gallon of regular gas is down four cents from a week ago but more than around this time last year.
“This time last year we were twenty-five cents cheaper. It’s definitely more. And it has everything to do with the price of crude right now.”
The average price for regular gas in Louisiana a month ago was $3.39 and a year ago $3.12 a gallon in Louisiana. The national average for regular gas in the nation today is $3.85.
Redman says the drop is due to both Louisiana being an oil-producing state and seeing ease in demand.
“Summer is over. People aren’t traveling as much. So we definitely see that demand going down. But the price of crude up to last week was up to $95 a barrel. It’s now below 90.”
Redman expects the price of fuel to remain under $3.40 a gallon statewide for September and may ultimately drop again some more next month.
“The price is going to moderate between $3.30 to $3.38 a gallon for the next few weeks. We could see as we move into October some prices fall a little further.”
Comments