Gas prices down for July 4th holiday - FOX 8 WVUE New Orleans News, Weather, Sports

Gas prices down for July 4th holiday

Updated:

New Orleans, La. -  If you're heading out of town for the Fourth of July weekend, you'll be paying less at the gas pump.  The average cost of gasoline in New Orleans is down 3.5 cents per gallon from the week before.  According to GasBuddy.com, motorists will likely see prices below $3.30 a gallon.  The average price is 3.27 a gallon.  But  you may find higher gas prices when you reach your destination.  Nationwide, the cost of gasoline is averaging $3.50 a gallon.  That's down nearly 6 cents a gallon from the previous week. 

Despite the drop in prices, gasoline is still 25 cents higher than the same time a ago.   When compared to this same time last month, price are pretty much flat, down  0.4 cents  a gallon.   The national average has decreased 13.6 cents per gallon during the last month and stands 12.9 cents per gallon higher than this day one year ago.

 "After an impressive surge abated several weeks ago, we're seeing gasoline prices decline nicely," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "One in five states currently has at least one gas station with gasoline under $3/gallon: South Carolina, Alabama, Tennessee, Oklahoma, Ohio, Texas, New Mexico, Virginia, Indiana, and Michigan all have at least one station statewide under $3. The national average is likely to continue its decline this week as retail prices catch up to the decrease in wholesale gasoline prices," DeHaan said.

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