Syria’s Effect On Louisiana Gasoline Prices
Lots of issues across the globe that can have an affect on gasoline prices. Does that mean we should expect a climb in prices? One expert says we shouldn't see prices climb, unless problems escalate in Syria or a hurricane wreaks havoc on gasoline supply.
"The hurricane season, we're in the midst of that, as well as the events going on in Syria," explained AAA spokesman Don Redman as the top things to keep in mind when looking at where prices will go in September. He adds another force that can play a role, "do know in October there is usually a transitional period where you see a declining in supply."
We see this transitional period every spring and fall where the summer blend is phased out and the winter blend begins production.
Prices are not bad right now
"The statewide average is $3.40 a gallon," said Redman. But it should get better, "drop it down another dime or so. You're looking at well below $3.30 a gallon in the next few weeks if these prices continue to hold."
Redman told KEEL News that we saw our Syria spike a few weeks ago and that as long as there aren't and future escalations in violence, prices should begin to fall.
"It does look like we may be starting to get into a point where we are getting good prices for the remainder of the month of September," added Redman. "This again, barring any kind of hurricanes."
If it weren't for the conflict in Syria, what would prices at the pump look like?
"We would probably be looking at prices in Louisiana at $3.25 and below, and because of a lack of hurricanes, possibly have even enjoyed prices near $3.00 per gallon," responded Redman. "But, the events in Syria certainly have the prices up."
Current prices in our region
In Shreveport-Bossier, drivers are paying $3.36 per gallon according to AAA. That is down two cents from last week and four cents from last month.
In Texarkana, Arkansas-side drivers are paying $3.38 per gallon, a nickel less than last week, but a penny more than a month ago. Texas-side drivers are paying $3.41 per gallon, two cents less than last week, but a penny more than last month.