If your wallet’s banking on seeing a drop in gas prices sometime soon, Don Redman, field analyst for Triple-A, says that doesn’t seem to be in the cards this fall for drivers in Louisiana or elsewhere. “You get into November, December and January, those are some of the cheapest prices seen in the calendar and unfortunately we’re not seeing any cheaper prices, and I don’t think we’re going to see any in the immediate horizon,” said Redman.
The statewide average price of regular has climbed to three-15 a gallon. That’s up eight cents from a week ago, while crude oil prices have jumped five dollars to 85 dollars a barrel, with some speculation they could shoot to 100 dollars a barrel.
Redman says the higher gas prices not seen in seven years are being fueled by no uptick in oil production by OPEC. He says, “Oil-producing countries have decided to continue holding back oil production in which looking like the market is driving up more than anything.”
Redman says the high pump prices in Louisiana are not because there’s a lack of gasoline and oil in Louisiana. “We’re looking at healthy inventories of gasoline in Louisiana and the Gulf states and we have a fairly healthy inventory of crude oil,” said Redman.
He says there’s no indication as of now on when gas prices in the state might start dropping again.
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