quote:
The nation’s average price of gasoline has fallen 1 cent over the last week and stands at $4.47 per gallon, according to GasBuddy® data compiled from more than 12 million individual price reports covering over 150,000 gas stations across the country. The national average is up 45.2 cents from a month ago and is $1.33 per gallon higher than a year ago. The national average price of diesel fell 0.5 cents in the last week and stands at $5.618 per gallon.

“The national average price of gasoline spent much of last week drifting lower after jumping early in the week as oil prices softened on hopes that diplomatic progress between the U.S. and Iran could help ease supply concerns,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “However, that optimism faded after President Trump’s meeting with China’s Xi Jinping failed to produce a breakthrough on Iran, while renewed warnings toward Tehran have helped push oil prices higher again. With global oil inventories continuing to trend toward historically tight levels, markets remain extremely sensitive to geopolitical developments and potential supply disruptions. As a result, gasoline and diesel prices are likely to remain volatile, and with Memorial Day approaching, any sustained increase in oil prices could begin pushing retail fuel prices higher again in the weeks ahead.”

quote:
Despite some modest profit-taking in early Monday trade, oil prices remained well above week-ago levels. WTI crude oil was down 34 cents to $105.08 per barrel in early trading, but still significantly above last Monday’s $98.37 level, while Brent crude slipped 25 cents to $109.01 per barrel, also well above last week’s $104.36 starting point. The gains over the last week underscore how quickly market sentiment has shifted back toward supply concerns, particularly as traders grow less confident that a near-term diplomatic resolution will emerge.

quote:
“Oil prices rose over the last week, as the expectation that the meeting between Trump and Xi would facilitate a resumption of flows through the Strait of Hormuz did not materialize, with flows remaining restricted. Demand for U.S. oil barrels from abroad remained high last week, likely translating into another very high U.S. crude export number and ongoing draws in US oil inventories. Oil prices will continue to react sensitively to news of talks between the US and Iran,” added Giovanni Staunovo, UBS commodities analyst, via e-mail.

quote:
The SPR fell 8.6 million barrels to 384.1 million barrels.

quote:
Refinery utilization rose 1.6 percentage points to 91.7%, while implied gasoline demand, the EIA’s proxy for retail demand, fell 59,000 bpd to 8.754 million barrels per day.

quote:
The states with the lowest average prices: Texas ($3.92), Louisiana ($3.96), and Oklahoma ($3.96).

The states with the highest average prices: California ($6.11), Washington ($5.71), and Hawaii ($5.62).

Biggest weekly changes: Colorado (+34.1¢), Minnesota (+26.2¢), New Mexico (+26.2¢), Indiana (-21.5¢), Wisconsin (+14.8¢).

quote:
The states with the lowest average diesel prices: Texas ($4.96), Louisiana ($5.02), and Mississippi ($5.04).

The states with the highest average diesel prices: California ($7.40), Hawaii ($7.21), and Washington ($6.78).

Biggest weekly changes: Colorado (+25.4¢), Michigan (+17.6¢), Ohio (+16.1¢), West Virginia (+15.5¢), Indiana (+14.6¢).

LINK

AAA's site has today's national gasoline price average at $4.515/gallon, and diesel at $5.631/gallon, each down half a penny from this time last week according to their numbers.

The plan is working to bring America's gasoline and diesel prices down, and Gov. Landry has Louisiana in a position helping lead America in that metric.