Gas prices drop another 6 cents per gallon - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Gas prices drop another 6 cents per gallon

New Orleans, May 14- Average retail gasoline prices in New Orleans have fallen 6.3 cents per gallon in the past week, averaging $3.49 a gallon. This compares with the national average that has fallen 3.3 cents per gallon in the last week to $3.73 a gallon, according to gasoline price website NewOrleansGasPrices.com.

The latest numbers are 26.8 cents per gallon lower than the same day one year ago and are 29.7 cents per gallon lower than a month ago. The national average has decreased 16.5 cents per gallon during the last month and stands 20.3 cents per gallon lower than this day one year ago.

"While gasoline prices east of the Rockies have been falling, the West Coast remains at the mercy of refinery production," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The entire West Coast right now is looking for any reason for a continuation in the price rally we've seen in the last week as supply remains tight, and stakes high as Memorial Day weekend is just two weeks away. While pump prices may continue their decline outside the West Coast, any refinery blip certainly has the potential for localized hotspots, and motorists should be aware of that," DeHaan said.

 

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