The holiday season may yield discounts and specials on your favorite consumer items, but gas prices don’t always match those sales trends.
Baton Rouge gas prices rose nine cents per gallon this week, according to GasBuddy, the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades.
Gas in the city averages $2.22 per gallon, which is 11.1 cents per gallon higher than last month’s rate and 22.3 cents per gallon higher than gas prices this time last year, GasBuddy determined from its survey of 361 gas stations.
The cheapest Baton Rouge station charges $1.97 per gallon, while gas at the most expensive station is priced at $2.99 per gallon.
GasBuddy’s head of petroleum analysis, Patrick DeHaan, said OPEC’s oil production cut may cause gas prices to rise, but those increases could be offset later this month.
“Refineries, meanwhile, have ramped up output as the end of the year looms, which could also offset any rise in oil prices,” DeHaan said. “Refiners draw down oil inventories ahead of the turn of the year to avoid taxes, which could help lead to increases in refined product inventories and drive prices down.”