Gas prices continue to rise in the Capital City

News

It is the summer in Red Stick and that usually means that gas prices go up.

For another week, this was the case as GasBuddy.com said, “Baton Rouge gas prices have risen 3.1 cents per gallon in the past week, averaging $2.36 per gallon” on Monday, July 15.

That means that average gas prices in the Capital City have risen almost 17 cents per gallon in a month.

On the good side, average gas prices are still significantly lower than they were at this time last year.

GasBuddy.com said average gas prices “stand 18.7 cents per gallon lower than a year ago.”

If you are looking for the cheapest gas in Baton Rouge on Monday, that would be $2.15 per gallon.

On the flip side, the highest average gas price stands at $2.69 per gallon.

The national average gas price also went up last week.

GasBuddy.com said “the national average price of gasoline has risen 3.3 cents per gallon in the last week, averaging $2.79 per gallon.”

GasBuddy.com provided some average gas price comparisons throughout the state:

  • Jackson- $2.34/g, up 3.4 cents per gallon from last week’s $2.31/g.
  • Louisiana- $2.40/g, up 2.1 cents per gallon from last week’s $2.38/g.
  • New Orleans- $2.37/g, up 4.3 cents per gallon from last week’s $2.33/g.

“For the third straight week, the national average price of gasoline has risen, following oil prices higher due to global geopolitical tensions, declining oil inventories and Hurricane Barry shut in oil production in Gulf waters,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “With Barry in the rearview, we are unlikely to see major disruptions arise, and gas prices nationally will avoid seeing much of a price rise as a result. However, prices may continue to drift higher as oil prices last week re-took the critical $60 per barrel barrier, and with U.S. oil inventories already in steep decline in recent weeks, we may see additional tightening. While the trend for most states will be rising prices again this week, there may be a brief respite in the weeks ahead as worries over global growth persist, leading the U.S. Federal Reserve to re-think cutting interest rates.”

If you would like to see live, local and national fuel price averages, visit GasBuddy Fuel Insights.

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