Gas Prices up

SHREVEPORT, La. - Gas prices in Shreveport-Bossier City are on the rise as pandemic restrictions lighten up and more people are getting out of the house.

Prices are averaging about $3 per gallon as of Thursday morning, according to GasBuddy.

The current national average sits at $3.25 per gallon, up about 7 cents from a month ago and about $1 higher than a year ago.

In Louisiana, the current average is $3.03 per gallon.

The price of oil and gas is the highest since 2014.

"The problems continue to relate to a surge in demand as the global economy recovers, combined with deep cuts to production from early in the pandemic," said Patrick De Haan, GasBuddy's head of petroleum analysis. "If Americans can’t slow their appetite for fuels, we’ve got no place for prices to go but up.”

Oil prices also reached a seven-year high last week, contributing to the increase in cost.

0
0
0
0
0