Experts expect gas prices will continue to drop - FOX 8, WVUE, fox8live.com, weather, app, news, saints

Experts expect gas prices will continue to drop

New Orleans, La. - The cost of gasoline continues to drop across the New Orleans area, as well as the rest of the country.  According to GasBuddy.com, the average price of gasoline in the city has dropped almost a nickel a gallon during the past week, averaging $3.14 a gallon.  That's according to a survey of more than 415 gas outlets in New Orleans. 

Drivers here are paying considerably less than those in other parts of the country.  Nationwide, the cost of gasoline is averaging around $3.38 a gallon.  That's down 4.2 cents from the week before.  

 Including the change in gas prices in New Orleans during the past week, prices are 45.3 cents per gallon lower than the same day one year ago and 23.4 cents per gallon lower than a month ago. The national average has decreased 21.4 cents per gallon during the last month and stands 41.9 cents per gallon lower than this day one year ago.

 "The national average has continued its decline which has been continuing for 34 consecutive days," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "And the odds are very good that prices will continue to decline in most areas in the week ahead.

 Perhaps most notable at this point of decline is how much cheaper gas prices stand versus the same date last year, with motorists realizing prices that are 50 cents or more lower. Much of the difference can be blamed on more active Atlantic waters last year that brought more storms than what we've seen this year," DeHaan said.

 

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