Gas Prices Fall Statewide, Go Up Locally
By West Kentucky Star Staff
PADUCAH, KY - Gasoline prices in Kentucky have fallen almost 3 cents per gallon in the past week, averaging $2.33 on Sunday. This compares with the national average that has increased 1 cent per gallon in the last week to $2.40, according to gasoline price website GasBuddy.com.
Kentucky prices yesterday were 23 cents per gallon higher than the same day one year ago and are 16 cents per gallon higher than a month ago.
In Paducah, prices are ranging from $2.13 to $2.29 a gallon.
"The national average gasoline price climbed to its highest level since September 2015 on the $6 per barrel rise in oil prices over the last few weeks, supported by last week's decline in oil inventories and pressure from geopolitical tensions," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.
"The national average may reach its peak for the year in the next few weeks barring major escalation in Syria as refiners have generally concluded seasonal maintenance work and summer gasoline's May 1st deadline for refiners is just around the corner," says DeHaan.
"While average prices are far below their 5-year average, they remain notably higher than last year. Today shows just 405 gas stations in the U.S. selling gasoline at $2 per gallon or less, a far cry from a year ago when over 80,000 stations were at the level," DeHaan added.
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