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Posted: Tuesday, 05 August 2014 8:15AM

Cheap gas if you can find it

Drivers in metro New Orleans are now seeing gas prices around $3.29 a gallon today, according to the American Automobile Association's daily survey. Some filling stations are selling for as little as $2.99 a gallon.

Prices are down a good bit from where they were last month, and have been dropping at a steady rate of about one cent a day over the last few weeks. Don Redman, fuel analyst AAA in Louisiana, says we could see that trend continue.

"What we've seen in the last week, is that prices are coming down," Redman said.  "We're looking at a decrease of almost 18 cents over the last month, and a 17 cent drop over last year as well."

International political instability historically has a direct correlation to the prices Louisiana customers pay at the pump. Redman says two things in particular kept prices high over the summer.

"We had a couple of issues that changed everything for us: Russia invaded Ukraine, and then there was the falling apart of Iraq," he explained.

Whatever the reasons for the decrease, drivers told WWL First News they're happy to have it.

"It's a big relief," one commuter said as he filled up at a station on Airline near Williams Blvd..

Another said she's glad because we're now in the time of year when it's a good idea to keep the gas tank full, "especially with hurricane season."

Filed Under :  
Topics : Business_Finance
Locations : LouisianaNew Orleans
People : Don Redman
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