West Central Kentucky Gas Prices See Slight Gain Over the Week
West Central Kentucky gas prices gained about three cents this week, averaging at $2.349 per gallon, according to AAA East Central’s Gas Price Report.
For a second week, the Great Lakes and Central states are seeing the largest drops at the pump in the region and the country. Conversely, Kentucky (+3 cents) was the only state in the region to see pump prices increase in the last seven days. Compared to one month ago, most states in the region are paying less at the pump (Kentucky, -5 cents).
This week’s average prices: Western Central KY Average $2.349
Average price during the week of November 27, 2017 $2.320
Average price during the week of December 5, 2016 $2.152
Average prices of unleaded self-serve gasoline in various areas:
$2.190 Bowling Green
On the National Front
At $2.48, the national gas price average is at the cheapest price since early November. More so, pump prices nationally have been steadily dropping during the last two weeks. Today’s gas price is three cents less than a week ago, four cents cheaper than one month ago and 30 cents more than a year ago.
Declining gas prices mirror the EIA’s latest consumer gasoline demand report, showing a drop of 871,000 b/d on the week for a total demand number of 8.7 million b/d (week ending Nov. 24). EIA’s next report, due out on Wednesday, will indicate if the drop is a trend.
On Friday, West Texas Intermediate increased 96 cents, closing at $58.36. The price per barrel of crude pushed higher last week and is likely to continue its climb following news on Nov. 30 from OPEC and some non-OPEC producers, led by Russia, that they have agreed to keep their production cuts in place through the end of December 2018. Participants in the agreement will continue to reduce output in order to drain the global glut of oil that has suppressed oil prices.
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. Learn more at AAA.com/mobile.