West Central Kentucky gas prices remain the same this week coming in at $2.404 per gallon, according to AAA East Central’s Gas Price Report.
Gas prices in the Great Lakes and Central states continue to see volatility across the region. Motorists in Ohio were amongst the nation’s top ten states with the largest weekly changes and are paying 10 cents less on the week, while the remaining states in the region saw modest price jumps.
At 44.5 million bbl, the Great Lakes and Central region has seen gasoline inventories decline for six weeks straight and register at the lowest level since mid-November 2014.
This week’s average prices: Western Central KY Average $2.404
Average price during the week of November 6, 2017 $2.407
Average price during the week of November 14, 2016 $2.001
Average prices of unleaded self-serve gasoline in various areas:
$2.291 Bowling Green
$2.335 Elizabethtown
$2.601 Louisville
$2.398 Owensboro
$2.405 Paducah
On the National Front
On the week, gas prices increased for the majority of states across the country, and at $2.56, the national gas price average has increased nine cents inside of 13 days. Strong fall consumer gasoline demand has continued into November and is chipping away at national gasoline inventory. The Energy Information Administration (EIA) reports total gasoline inventories dropped by 3.3 million bbl in their latest report.
International markets opened Monday morning posting crude oil losses amid reports of the U.S. adding oil rigs that indicate increased U.S. investment and oil production. Oil-services firm Baker Hughes reported that drillers added nine rigs last week – the biggest increase since June of this year – bringing the total crude oil rig count to 738. The increased U.S. production continues to dilute OPEC’s efforts to rebalance the global oil market.
At the closing of Friday’s formal trading session on the NYMEX, West Texas Intermediate was down 43 cents to settle at $56.74 per barrel.
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance.