Gas prices across Louisiana are up about seven cents a gallon compared to last week, and Patrick DeHaan, senior petroleum analyst with Gas Buddy.com, says the ballooning prices can be blamed on the upswing in oil prices.
“Yeah, the price of oil has surged to its highest level in seven years, up to about 81 dollars a barrel, that’s up about two-and-a-half percent,” says DeHaan. The average price of regular in the state has now climbed to about two-97 a gallon.
DeHaan says there was a chance that oil prices could have been rolled back, but OPEC put a halt to that with a blockage on additional crude production. He says, “OPEC met to discuss further increasing oil production. Unfortunately, they declined to do so and that set the price of oil jumping.”
DeHaan says in the very near future drivers in Louisiana could be shelling out an average price of three-dollars a gallon for regular. “It’s been a long time, over seven years, since we’ve seen that three-dollar mark and it looks like we may get there before this latest rally is done and over with,” according to DeHaan.
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