Gas prices in BR continue to drop, national average expected to rise
POSTED: Monday, May 6, 2013 - 10:51am
UPDATED: Monday, May 6, 2013 - 1:20pm
BATON ROUGE, LA (NBC33) — Over the past week gas prices in the Baton Rouge-area have gone down, even though the national average saw an increase.
GasBuddy.com reports that the average price fell 1.3 cents over the past week, making the price per gallon roughly $3.22. Although this may not seem like a big drop, that makes the price 13.8 cents lower than it was a month ago, and 37.3 cents lower than it was a year ago.
As for the national average, the same cannot be said. The average price saw a 1 cent increase last week, which is only 7.8 cents less than it was a month ago and roughly 26.8 cents lower than a year ago.
"The national average has begun to tip-toe higher in the last week, led by states in the Great Lakes and West Coast where gasoline prices have crept up considerably in some areas over the last week," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
Although oil prices have dropped due to strength in the stock market, analysts believe the national average will continue to increase in the coming weeks. The West Coast is anticipated to see the largest increase.
“The biggest increases will be along the West Coast where gasoline supply remains at an ultra-tight status, but prices will also increase in many other areas, led higher by the rally in crude prices we've witnessed in the last week," DeHaan said.