West Central Kentucky Gas Prices Jump as Summer Driving Season Approaches West Central Kentucky prices are up 10 cents this week to $2.769 per gallon this week according to AAA East Central’s Gas Price Report.
On the week, gas prices in Kentucky have increased 11 cents statewide as the Great Lakes and Central States show signs of volatility. With a 328,000 barrel draw, gasoline inventories continue to dwindle in the region. Despite more than two months of declines, however, total gasoline inventories are nearly 1 million barrels above last year’s levels measuring at 56 million.
This week’s average prices: Western Central KY Average – $2.769
Average price during the week of May 7, 2018 – $2.662
Average price during the week of May 15, 2017 – $2.181
Average prices of unleaded self-serve gasoline in various areas:
$2.793 Bowling Green
$2.755 Elizabethtown
$2.934 Louisville
$2.659 Owensboro
$2.704 Paducah
On the National Front:
At $2.87, the national gas price average jumped six cents on the week, with 36 states seeing gas prices that are a nickel or more expensive than last Monday. This can be attributed to the White House’s decision to re-impose sanctions on Iran, the nationwide switchover to summer blend gasoline, growing global demand, and shrinking
supply. With the beginning of the summer driving season right around the corner, consumers may see prices continue to rise – especially if crude oil prices continue to increase.
Motorists across the country are seeing 19 percent of gas stations selling gas for $3.01 or more. Today’s gas price is 16-cents more expensive than one month ago and 53-cents more than one year ago. At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate dropped 66 cents to settle at $70.70. Oil prices climbed to new highs for 2018 last week, following President Trump’s decision to re-impose economic sanctions on Iran and withdraw the U.S. from the Iran Nuclear Deal.