Gas Selling For Under $2 In Louisiana

Louisiana is one of only three states in the nation where drivers can buy gas for under $2 a gallon.  The statewide average for a gallon of gasoline has dipped 8 cents over the last week to $2.24.  GasBuddy.com spokesperson Patrick DeHaan says some stations around the capital city are bringing down the average.

“If you live in Baton Rouge, you are being treated to some of the cheapest gas in the country.  Prices there are already down to as low as $1.92 at one station,” said DeHaan.

About two dozen stations in Louisiana are selling gas for less than $2.  Texas and Oklahoma are the other two states where gas can be purchased for under $2.

DeHaan says the escalating trade tensions between the US and China can take credit for the relief at the pump.

“It’s really got the market worried about an economic slowdown and what that would do to oil demand is certainly weaken it at a time of year that demand traditionally does down anyway,” said DeHaan.

Dehaan says it is possible the statewide average for a gallon could drop to below $2 by Thanksgiving, but there are factors that could hinder that.

“OPEC is now discussing cutting oil production in light of the recent drop in the price of oil, but also a lot would depend on if there is any sort of trade deal between the US and China which could cause gas prices to go back up,” said DeHaan.