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Gas Prices Fall After Several Weeks of Increases

Gas Prices Fall After Several Weeks of Increases
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By West Kentucky Star Staff
Jan. 16, 2017 | PADUCAH, KY
By West Kentucky Star Staff Jan. 16, 2017 | 07:25 AM | PADUCAH, KY
Gasoline prices in Kentucky have fallen more than 7 cents per gallon in the past week, averaging $2.24 a gallon Sunday. This compares with the national average that has fallen just over 2 cents per gallon to $2.34 a gallon, according to gasoline price website GasBuddy.com.

Kentucky prices yesterday were 48 cents per gallon higher than the same day one year ago. 

In Paducah, prices are ranging from $2.11 to $2.29 a gallon.

"For the first time since November, the national average price for gasoline has fallen over the last week, helped by weak demand and rising gasoline inventories," said Patrick DeHaan, senior petroleum analyst for GasBuddy. 

"It's a familiar pattern for late winter as refiners build inventories thanks to the year's weakest demand occurring over the next four weeks. However, motorists shouldn't expect the trend to last long. Be ready for a jump at the pump as maintenance season begins and the long transition to summer gasoline leads to gas prices that will mostly trend higher for two to three months," DeHaan said.

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