Local gas prices tumble over the last week

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[FILE] A motorist uses a gas pump to fill a car with fuel at a gas station in Atlanta, Georgia.

BATON ROUGE, La. (BRPROUD) – Thanksgiving is right around the corner and those that want to take to the roads are getting some good news on Monday morning.

According to GasBuddy.com, “Baton Rouge gas prices have fallen 3.6 cents per gallon in the past week, averaging $3.04/g today.”

While gas prices remain higher than they were one year ago, the news is better when you look at the recent past.

GasBuddy.com says, “Gas prices in Baton Rouge are 7.3 cents per gallon lower than a month ago.”

If you are looking for the cheapest gas in the city, that would be $2.72 per gallon.

On the other end of the spectrum, the most expensive gas in Baton Rouge is $3.29 per gallon.

The national average gas price is following the local trend by falling almost 2 cents per gallon over the last week.

The national average gas price is still higher than the most expensive gas in Baton Rouge.

On Monday, the average gas price nationally stands at $3.39 per gallon.

“With oil prices plunging nearly $10 from the recent peak of $85 per barrel, motorists will start to see gas prices decline nationwide, just in time for Thanksgiving, and the decline could stretch for several weeks,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “It’s not impossible- so long as oil prices hold near these levels or continue falling- that the national average could shed 15 to 30 cents per gallon over the coming weeks, while some areas like California could see declines of as much as 25 to 40 cents. While there’s reason to be optimistic that the peak of gas prices will soon be behind us, the decline in the price of oil is likely reflecting the possibility of a coordinated global release of oil from strategic reserves. If that doesn’t happen, oil could again rally. However, with Covid cases on the rise again reducing global demand, it does seem the most likely outcome will be a drop in gas prices that could last several weeks.”

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