Gas prices in West Central Kentucky are 15 cents higher this week at $3.458, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Central KY Average $3.458
Average price during the week of October 31, 2022 $3.304
Average price during the week of November 8, 2021 $3.060
Average prices of unleaded self-serve gasoline in various areas:
$3.386 Bowling Green
$3.316 Elizabethtown
$3.931 Louisville
$3.303 Owensboro
$3.353 Paducah
Trend Analysis:
Despite fewer motorists fueling up, the national average pump price increased by four cents over the past week to $3.80. Today’s average is nine cents less than a month ago and 38 cents more than a year ago.
According to data from the Energy Information Administration (EIA), gas demand dipped slightly from 8.93 million barrels per day to 8.66 million barrels per day last week. Also, total domestic gasoline stocks decreased by 1.3 million barrels to 206.6 million barrels.
This tighter supply and fluctuating oil prices have contributed to higher gasoline prices. At the close of Friday‘s formal trading session, West Texas Intermediate increased by $4.44 to settle at $92.61. Crude prices rose due to several factors including the dollar dropping in value, concerns over restrictions in China and Russian oil production cuts.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.
AAA East Central is a not-for-profit association with 70 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.
