How low will they go? BR gas prices continue to drop

How low will they go? BR gas prices continue to drop
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POSTED: Monday, October 21, 2013 - 3:00pm

UPDATED: Monday, October 21, 2013 - 3:04pm

How low will they go? Gas prices in Baton Rouge continue to drop just in time for the holiday season.

GasBuddy.com reports that prices fell nearly 2 cents over the past week, making the average price $3.12. This drop is higher than the national average of $3.36/gallon.

"As the cooler temperatures continue to invade the U.S., gasoline prices continue to cool off as well, with the national average declining for yet another week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices were within an arms reach of dropping under $100/bbl last week, but haven't yet crossed that line just yet. Meanwhile, gasoline prices have slowed their descent, with the national average moving just slightly lower over the last seven days. The cities that had seen average gasoline prices under $3/gal have dried up, yet eighteen states still have at least one station selling gasoline under that level.”

Compared to this time last year, the current price is Baton Rouge is nearly 14 cents lower.

“The bad news? Oil and gasoline futures may be more volatile this week as the Fed shutdown is over, and the Energy Information Administration releases data about supply and demand for the last two weeks. Should that data be surprising, it may have an impact on the direction."

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