BATON ROUGE, La. (BRPROUD) – That sound you hear is money flying out of your wallet at the local gas station.
According to GasBuddy, “Baton Rouge gas prices have risen 10.6 cents per gallon in the past week.”
Gas prices in the Capital City sit about five cents away from $3 a gallon.
If you travel around Baton Rouge, you could find gas as cheap as $2.58 per gallon or as high as $3.29 per gallon.
So how does that compare to last month or last year?
GasBuddy says that “Gas prices in Baton Rouge are 14.3 cents per gallon higher than a month ago and stand $1.10/g higher than a year ago.”
The average gas price in BR is still well below the national average which sits at $3.25 per gallon.
“Last week saw oil prices advance to their highest in seven years, with a barrel of West Texas Intermediate crude oil surpassing the critical $80 per barrel level. The nation’s gas prices were also pushed to their highest since 2014, all on OPEC’s decision not to raise production more than it already agreed to in July,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The OPEC decision caused an immediate reaction in oil prices, and amidst what is turning into a global energy crunch, motorists are now spending over $400 million more on gasoline every single day than they were just a year ago. The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic. If Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up.”