Experts: Gas Price Spike In Southeast Louisiana Due To Recent OPEC Decision


Hand holding gasoline nozzle

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Industry analysts say OPEC's recent decision not to increase oil production is to blame for driving up gasoline prices by more than a dime a gallon and six cents a gallon in Baton Rouge and New Orleans respectively, in the past week.

The analyst website GasBuddy says the average price of a gallon of regular was $2.97 in New Orleans and $2.95 in Baton Rouge, as of Monday.

The statewide average price of gas rose eight cents a gallon from last week to $2.98.

Oil prices rose to their highest in seven years, to more than $80 per barrel.

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