Gas prices begin winter downward slide

Chris Miller
December 11, 2017 - 7:42 am
Categories: 

Gasoline prices are finally coming back down, after an unseasonable autumn run-up.

This is the typical time of the year -- leading up to Christmas and New Year's -- when gasoline prices come down.

"It's largely because we just see a decrease in the overall demand for gasoline," said Don Redman, fuel analyst for AAA.

Redman says the reason prices went up this fall is because we wanted to drive -- demand was unseasonably high in October and November.

With demand decreasing, AAA expects prices to keep getting lower as we head towards the end of the season.

"We're anticipating prices about $2.10 a gallon,” said Redman.

Today, gasoline costs an average $2.35 in New Orleans, according to AAA. It was $2.26 last week, and $2.27 last month.


Current Avg.    $2.235
Yesterday Avg.    $2.241
Week Ago Avg.    $2.266
Month Ago Avg.    $2.270
Year Ago Avg.    $2.028

Comments ()
READ MORE READ LESS