The average price for regular gasoline in Louisiana hits an all-time high at $4.19 a gallon today, surpassing the previous record of $4.16 set in March. AAA fuel analyst Don Redman says gas prices have increased 33-cents in the last month and are way up over last year.
“It’s almost a $1.50 a gallon more than this time last year and there’s no doubt that families are feeling the pinch,” said Redman.
In addition to gas prices, the average price for diesel is up to $5.21 a gallon in Louisiana. Redman says that’s about $2.33 higher than this time last year. He says diesel prices will also be felt by consumers at grocery stores, retail stores, etc.
“There’s no doubt that is going to push prices for every commodity higher,” said Redman.
AAA predicted a robust travel season this year due to pent-up demand as pandemic restrictions are relaxed, however Redman says their forecast might have to be altered due to prices at the pump. He says Memorial Day Weekend travel is still expected to be high.
“But as we look forward to the summer, people maybe changing their plans, probably maintain their vacation, maybe not go as far or stay as long,” said Redman.
Redman says driving the speed limit and making sure your tires are properly inflated will help make your vehicle more fuel-efficient.
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