News Summary
New Orleans residents are currently paying an average of $2.72 per gallon for gas, remaining unchanged from last week. Diesel prices have also seen a slight increase to $3.33 per gallon. Despite a minor weekly rise of 0.7% in gas prices, they have decreased by 2.1% compared to last year. Historical data reveals the highest recorded gas price in the area was $4.53 in June 2022. These trends provide essential insights for consumers as they navigate fluctuating fuel costs.
New Orleans residents are currently facing an average gas price of $2.72 per gallon, holding steady from last week. This figure mirrors the statewide average for Louisiana, which also stands at $2.72. Over the past week, gas prices have seen a slight increase of $0.02, translating to a 0.7% rise. In contrast, when compared to this time last year, gas prices have decreased by $0.06, or 2.1%.
In addition to gasoline trends, diesel prices in New Orleans have shown a modest increase as well, with the current price set at $3.33 per gallon. This marks a $0.05 increase from last week, representing a rise of 1.6%. Year-on-year, diesel prices have remained relatively stable, showing a minimal change of just -$0.00, or -0.1%.
Comparative Gas Prices and Trends
While New Orleans and Louisiana maintain an average gas price of $2.72, other metro areas across the country are recording lower prices. For instance, Lawton, OK boasts the least expensive gas at $2.42 per gallon, followed by Tulsa, OK at $2.46, and Casper, WY at $2.50.
Conversely, numerous major cities are experiencing significantly higher gas prices, ranging from $4.77 to $4.97 per gallon. Such high prices highlight the ongoing price fluctuations affecting various regions.
Historical Context
Historical data indicates that the highest recorded gas price in New Orleans was $4.53 per gallon on June 14, 2022. This spike in prices has become a focal point for consumers as they continue to evaluate fuel expenses. Likewise, the peak diesel price was recorded at $5.40 on June 21, 2022, showcasing the volatility of diesel fuel costs in recent months.
The data regarding gas and diesel prices has been compiled by Cheap Insurance using AAA statistics, effective as of October 6. These statistics provide critical insights into how fuel costs are evolving in New Orleans and beyond, creating awareness for consumers navigating their transportation expenses.
Conclusion
As gas prices hold steady at $2.72 in New Orleans and Louisiana overall, the modest increase in diesel prices may serve as a warning signal for potential future price fluctuations. Consumers remain vigilant as they plan their fuel budgets and monitor economic trends that could impact their daily travels.
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Additional Resources
- KTBS: How Gas Prices Have Changed in New Orleans
- Wikipedia: Gasoline
- Stacker: How Gas Prices Have Changed in New Orleans
- Encyclopedia Britannica: Petroleum
- New Orleans CityBusiness: National Gas Prices and New Orleans
- Google Search: Gas Prices Trends
- WDSU: New Orleans Gas Prices Memorial Day Weekend
- Google News: Gas Prices New Orleans
- FOX 8 Live: Louisiana Gas Prices Sit Below $3 per Gallon
Author: STAFF HERE NEWORLEANS WRITER
NEW ORLEANS STAFF WRITER The NEW ORLEANS STAFF WRITER represents the experienced team at HERENewOrleans.com, your go-to source for actionable local news and information in New Orleans, Orleans Parish, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as French Quarter Festival, New Orleans Jazz & Heritage Festival, and Essence Music Festival. Our coverage extends to key organizations like the New Orleans Chamber of Commerce and Greater New Orleans, Inc., plus leading businesses in energy, healthcare, and education that power the local economy such as Entergy, Ochsner Health, and Tulane University. As part of the broader HERE network, including HEREShreveport.com, we provide comprehensive, credible insights into Louisiana's dynamic landscape.
