BATON ROUGE – Frustration is on the rise, with the prices of pumps rising.
Alex Shepard, a resident of Baton Rouge, said: “The prices are very, very scary.
According to Gasbudi, the average price of a gallon of gas in Louisiana is $ 3.08. Consumers feel pain in their pockets, so staying at a holiday home has become an attractive option.
“Because of that, I don’t even want to get out of town. I can’t even get out of town. I went for an eight-hour trip a week ago, and it cost me about $ 75-80.
Greg Apton, along with the LSU Energy Research Center, believes that the rising cost is caused by the CVD epidemic, with many people on the road.
“Liquid fuel demand was low. And we experienced low pressures, low pressures, and historical low prices. But when economic activity came back, this increased demand, and as a result, prices increased. And. So you are seeing it today.”
To address the growing cost of the pump, Biden announced that it has 50 million barrels of oil released from the Strategic Petroleum Reserve.
We can see the results in the next few months.
“Considering the amount of oil that can only be extracted from the strategic oil reserves, US production is about three days. That really takes two weeks to reach the market,” he said. “And every time there is news that this is going to happen, it could put pressure on prices in the short term. But this is likely to affect prices in the coming months and years.”