Gas prices down 7 cents per gallon to $2.53 in past 2 weeks

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Motorists are finding the lowest average gas price in the U.S. right here in the Capital City

The average U.S. price of regular-grade gasoline dropped 7 cents per gallon to $2.53 over the past two weeks.

“The nation’s gas prices continue to fall to fresh lows as coronavirus fears continue to put a choke-hold on oil prices, leading to the fourth straight weekly decline in the national average,” said Patrick DeHaan, head of petroleum analysis for GasBuddy. “All but a handful of states saw their averages decline over the last seven days, leading to plenty of smiling faces, but especially in the 21 states where at least one station is offering gasoline under $2 per gallon.

Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices responded to falling crude oil costs.

The price at the pump is 19 cents higher than it was a year ago.

The highest average price in the nation for regular-grade gas is $3.54 per gallon in the San Francisco Bay Area.

The lowest average is $2.04 in Baton Rouge, Louisiana.

According to GasBuddy.com, gas prices in the area fell almost 9 cents per gallon over the last seven days.

What that means is that over the last month, drivers have seen a sizeable drop in gas prices at the pump.

GasBuddy.com says, “gas prices in Baton Rouge are 30.0 cents per gallon lower than a month ago.”

That drop is bringing drivers closer to the average gas price that Baton Rouge residents saw at the pump this time last year.

The average price of diesel is $3, down a nickel. 

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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