Prices at the pump continue to fall - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Prices at the pump continue to fall

New Orleans, La. - Gasoline prices are down once again in New Orleans, falling 3.9 cents per gallon in the past week.  The average price of gas now stands at $3.19 a gallon.  This compares with the national average that has fallen 3.2 cents per gallon in the last week to $3.53 a gallon, according to gasoline price website NewOrleansGasPrices.com.

 Including the change in gas prices in New Orleans during the past week, prices yesterday were 24.2 cents per gallon lower than the same day one year ago and are 24.2 cents per gallon lower than a month ago. The national average has decreased 17.6 cents per gallon during the last month and stands 12.6 cents per gallon lower than this day one year ago.

 "I have a sneaking suspicion that the election in Greece may stir up oil prices this week, and we could see oil prices gain as markets feel more upbeat about the economic situation," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While any gains in oil prices won't likely be immediately felt, the debt situation in Europe bears keeping a close eye on as it has far reaching global implications. Outside of that situation, West Coast wholesale gasoline prices are now among the lowest in the nation with California, Oregon, and Washington seeing their averages drop back under $4 a gallon, while the nation's midsection may see prices rising in the week ahead," DeHaan said.

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