The U.S. retail price for normal gasoline in 2024 averaged $3.30 per gallon, down 21 cents from 2023, in response to retail data. data released today by the U.S. Energy Information Administration. How were gas prices in Louisiana and New Orleans in 2024 in comparison with 2023? Exactly the identical.
The average price in Louisiana was $2.73 per gallon in 2024, the identical as in 2023, at AAA gas pricesan internet site updated each day by the Oil Price Information Service (OPIS) containing average national, state and native prices for gasoline, diesel fuel and E-85. In the New Orleans metropolitan area, the average retail price for normal gasoline in 2024 was $2.72 per gallon, almost the identical because the average retail price of $2.74 per gallon in 2023.
The EIA report shows that lower global crude oil prices and lower refining margins in 2024 than in 2023 contributed to the decline in retail gasoline prices. Additionally, weaker gasoline demand in the summer of 2024 in comparison with 2023 contributed to increased inventories across much of the United States, further contributing to falling prices. In 2024, U.S. retail gasoline prices fell for the second 12 months in a row. Gasoline prices and the value of crude oil and other petroleum products rose in 2022, with U.S. gas prices at their highest since 2014, on an inflation-adjusted basis.
Lower gasoline prices can even be a trend in early 2025. Today’s national average retail price for AAA regular gasoline is $3.06 per gallon, while in Louisiana the value is 33 cents less per gallon at $2.73 per gallon. In New Orleans, the value of normal gas is $2.76 per gallon.
The 10 most cost-effective gas stations in the New Orleans metro area today are:
- Meraux Quick Stop, 3112 E. St. Bernard Hwy., Meraux, $2.38 per gallon
- Sam’s Club, 1527 Manhattan Blvd., Harvey, $2.39 a gallon
- Sam’s Club, 3900 Airline Dr., Metairie, $2.42 a gallon
- Costco, 3900 Dublin St., New Orleans, $2.43 a gallon
- QC Pitlane, 3225 E. Judge Perez Dr., Meraux, $2.44 a gallon
- Discount-N-Out, 6050 Chef Menteur Hwy., New Orleans, $2.45 per gallon
- Airline Discount, 3451 Airline Dr., Metairie, $2.47 per gallon
- Downman Center, 7200 Downman Rd., New Orleans, $2.49 a gallon
- Louisa Xpress, 4301 Louisa Dr., New Orleans, $2.49 a gallon
- Fuel Zone, 4500 Chef Menteur Hwy., New Orleans, $2.49 per gallon
- Valero, 3738 Airline Dr., Metairie, $2.49 a gallon
Source: https://www.gasbuddy.com/gasprices/louisiana/new-orleans.
