Gasoline prices drop another nickel - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Gasoline prices drop another nickel

New Orleans, La. - Gasoline prices continue to drop in New Orleans.  In the past week, the average cost is down 5.6 cents per gallon, averaging $3.33 a gallon.. This compares with the national average of $3.65 a gallon, down 3.6 cents per gallon in the last week according to gasoline price website NewOrleansGasPrices.com.

Including the change in gas prices in New Orleans during the past week, prices are 20.3 cents per gallon lower than the same day one year ago and 32.0 cents per gallon lower than a month ago. The national average has decreased 15.7 cents per gallon during the last month and stands 13.4 cents per gallon lower than this day one year ago.

 "Summer driving season has officially begun with the national average falling far lower than we expected it earlier this year," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "The national average has dropped to a surprising $3.65 per gallon mark as of today. Had you asked me back in January if the national average would have been that low on Memorial Day, I would likely have chuckled, but it goes to show anything is possible," DeHaan said. GasBuddy forecast back in January that the national average would peak between $3.75-$4.15/gal. The national average peaked at $3.92/gal on April 5, far sooner than many analysts, including DeHaan, expected it to occur.

 

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