Gas prices down 31 cents from a month ago - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Gas prices down 31 cents from a month ago

New Orleans, La. - Gasoline prices continue their downward slide.  The average price of gasoline in New Orleans has fallen 5.6 cents per gallon in the past week, averaging $3.42 a gallon.  This compares with the national average of $3.70 per gallon, down 2.8 cents per gallon, according to gasoline price website NewOrleansGasPrices.com.

The latest numbers locally are 21.6 cents per gallon lower than the same day one year ago and are 31.1 cents per gallon lower than a month ago. The national average has decreased 15.1 cents per gallon during the last month and stands 13.7 cents per gallon lower than this day one year ago.

 "With Memorial Day a week away, it's time to put to bed an old myth that gasoline prices rise ahead of a major holiday," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Average gasoline prices will likely continue to decline in the days ahead of Memorial Day, but folks will still say come next year that prices went up over the weekend this year. It's a sign of how sensitive motorists become to gasoline prices around the holidays, nothing more, and most of the time, the myth isn't true. This year will be one of those years- unless you're on the West Coast, prices have been slowly coming down," DeHaan said.

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