Louisiana Weekly Gas Price Update and Outlook

Posted: Nov 12, 2012 6:40 AM by About LouisianaGasPrices.com

Louisiana, November 12- Average retail gasoline prices in Louisiana have fallen 5.5 cents per gallon in the past week, averaging $3.23/g yesterday. This compares with the national average that has fallen 3.2 cents per gallon in the last week to $3.46/g, according to gasoline price website LouisianaGasPrices.com.

Including the change in gas prices in Louisiana during the past week, prices yesterday were 0.7 cents per gallon higher than the same day one year ago and are 34.5 cents per gallon lower than a month ago. The national average has decreased 32.6 cents per gallon during the last month and stands 3.1 cents per gallon higher than this day one year ago.

"The national average has again decreased in the last week, but the decreases are beginning to slow down," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Wholesale gasoline prices rose strongly on Friday which could send prices higher in states with among the lowest prices in the United States. The fuel tightness has also continued in NYC- for those in Sandy's wake, fuel availability remains difficult, and is the reason GasBuddy has implemented an emergency fuel availability service," DeHaan said. The Hurricane Sandy fuel availability site can be found by navigating to http://www.gasbuddy.com/sandy/.