Play Live Radio
Next Up:
Available On Air Stations
Your crucial donation during the Fall Drive provides content across platforms and across the world: 844-790-1094 or click here now!

Gas Prices Less Predictable This Year, but Outlook Could Be Good for Louisiana Oil Producers

Mike Mozart (flickr) (CC BY 2.0)
One analyst expects gas prices to rise 5-15 cents higher than they are today.

Gas prices usually rise in the spring and peak around Memorial Day. That’s because refineries make more expensive blends for summer. Last week, though, prices leveled off early.


Though prices have been a little less predictable this year, the cause of that unpredictability could actually be good for the Louisiana oil and gas industry.


The gas you put in your tank in the summer is actually a little different than other times of the year. It’s a different blend.


Because of heat, the federal government requires refineries make a less volatile blend of gas in the summer.


Patrick DeHaan is an analyst for He says that makes it safer, but also more expensive.


“The feedstocks that create that summer gas are more costly,” says DeHaan.


Overall, the slow climb in gas prices this spring has been on trend with recent years, but things have been a little less predictable this year. DeHaan says that has to do with a bigger factor -- the organization OPEC.


“Basically OPEC has been mulling over whether or not to cut back oil production,” he says. “And temporarily oil prices have taken a bit of a dip.”


When OPEC scales back oil production, it creates a void in the global market. That's generally good for Louisiana because it gives producers here the chance to fill that demand.

By Memorial Day, DeHaan says Louisiana gas prices could be 5 to 15 cents higher than they are today.

👋 Looks like you could use more news. Sign up for our newsletters.

* indicates required
New Orleans Public Radio News
New Orleans Public Radio Info