Gas good news continues--barely - KNOE 8 News; KNOE-TV; KNOE.com |

Gas good news continues--barely

Posted: Updated: May 6, 2013 09:00 AM

MONROE, La., (KNOE 8 News) - The average price of a gallon of gas in our area has fallen 0.9 cents per gallon in the past week, averaging $3.25 a gallon yesterday, according to GasBuddy. This compares with the national average that has increased 1 cent per gallon in the last week to $3.51 a gallon.

Including the change in gas prices in Louisiana during the past week, prices yesterday were 34.3 cents per gallon lower than the same day one year ago and are 13.6 cents per gallon lower than a month ago.

The national average has decreased 7.8 cents per gallon during the last month and stands 26.8 cents per gallon lower than this day one year ago. But.....

"The national average has begun to tip-toe higher in the last week, led by states in the Great Lakes and West Coast where gasoline prices have crept up considerably in some areas over the last week," according to GasBuddy Senior Petroleum Analyst Patrick DeHaan, "Oil prices have rebounded, and with the recent strength in stocks trickling over to commodities, I do expect retail gasoline prices to inch up in the weeks ahead. The biggest increases will be along the West Coast where gasoline supply remains at an ultra-tight status, but prices will also increase in many other areas, led higher by the rally in crude prices we've witnessed in the last week."

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