AAA: Gas Prices Rise in Kentucky

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gas-prices-up-logo

Gas prices are four cents higher in West Central Kentucky this week at $2.628 per gallon, according to AAA East Central’s Gas Price Report.

Nationwide Trends:
After weeks of little movement, the national average for a gallon of gas increased by four cents since last week to $3.12. Even though the price of crude oil remains below $70 a barrel, prices at the pump are going up as more refineries make the seasonal switch to summer-blend gasoline. Summer-blend gas is less likely to evaporate in warmer temperatures and is more expensive to produce.

Today’s national average for a gallon of gas is $3.12, five cents lower than a month ago and about 41 cents lower than a year ago. The national average per kilowatt hour of electricity at a public EV charging station stayed the same at 34 cents.

According to new data from the Energy Information Administration (EIA), gasoline demand decreased from 9.18 barrels per day last week to 8.81. Total domestic gasoline supply decreased from 241.1 million barrels to 240.6. Gasoline production increased last week, averaging 9.6 million barrels per day.

At the close of Wednesday’s formal trading session, West Texas Intermediate rose 26 cents to settle at $67.16 a barrel. The EIA reports that crude oil inventories increased by 1.7 million barrels from the previous week. At 437.0 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.

West Central Kentucky Averages

Today

One Week Ago

One Year Ago

Record Price Date

Record Price

$2.628

$2.581

$3.273

6/13/2022

$4.742

 

The average price of unleaded self-serve gasoline today in various areas:      

$2.653        Bowling Green
$2.520        Elizabethtown
$2.683        Louisville
$2.600        Owensboro
$2.682        Paducah

Quick Gas and Electricity Stats

Gas

The nation’s top 10 most expensive gasoline markets are California ($4.64), Hawaii ($4.53), Washington ($4.09), Nevada ($3.74), Oregon ($3.73), Alaska ($3.39), Illinois ($3.38), Arizona ($3.34), Idaho ($3.26), and Pennsylvania ($3.22).

The nation’s top 10 least expensive gasoline markets are Mississippi ($2.66), Oklahoma ($2.69), Kentucky ($2.69), Tennessee ($2.69), Louisiana ($2.73), Alabama ($2.74), Texas ($2.76), Arkansas ($2.76), South Carolina ($2.78), and Kansas ($2.80).

Electric

The nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (56 cents), West Virginia (46 cents), Montana (45 cents), South Carolina (42 cents), Tennessee (42 cents), Idaho (42 cents), Alaska (41 cents), Kentucky (40 cents), New Hampshire (40 cents), and Louisiana (39 cents).

The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (22 cents), Missouri (25 cents), Nebraska (26 cents), Iowa (26 cents), North Dakota (26 cents), Delaware (27 cents), Michigan (29 cents), Texas (39 cents), Utah (29 cents), and Washington, DC (30 cents).

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

AAA East Central is a not-for-profit association with 69 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.comFollow us on Twitter and Facebook.