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Gas Prices Tick Up Across Kentucky

Gas Prices Tick Up Across Kentucky
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By West Kentucky Star Staff
Jan. 26, 2015 | PADUCAH, KY
By West Kentucky Star Staff Jan. 26, 2015 | 07:56 AM | PADUCAH, KY
Average retail gasoline prices in Kentucky have risen 2.6 cents per gallon in the past week, averaging $2.08 a gallon Sunday. This compares with the national average that has fallen 2.3 cents per gallon in the last week to $2.02/g, according to gasoline price website GasBuddy.com.

In Paducah, prices are ranging from $1.89 to $1.99 a gallon.

Prices Sunday were $1.19 per gallon lower than the same day one year ago and are 6 cents per gallon lower than a month ago. The national average has decreased 27 cents per gallon during the last month and stands $1.25 per gallon lower than this day one year ago.

"This is the week that we'll see the return to a national average of $1.99/gal- but motorists shouldn't expect it to last very long. Refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a small recovery back in the very low $2's," said Patrick DeHaan, senior petroleum analyst with GasBuddy.

"And while this year will still feature far lower prices than last year, we'll be subject to a seasonal lift in gasoline prices as refineries slow production to do maintenance and to make the progressive switchover to cleaner burning summer gasoline. Last year's lift began the second week of February until the beginning of May, during which the national average rose 35 cents a gallon. This year we're expecting a similar rise," DeHaan noted.

"Diesel prices dropped an average 7 cents per gallon in the last week to $2.84 a gallon. By the start of February, diesel will fall under $2.80 a gallon, and by Valentines Day, they'll fall to $2.65 a gallon, a sweetheart deal for consumers and trucking companies that have seen diesel prices lag behind gasoline prices," DeHaan predicted.

 Missouri has the lowest state average in the country; at $1.79. It is one of 27 states averaging under $2.00/gal.

There are only three states that don’t have a single station reporting a price under $2.00/gal:

1.      Vermont (lowest station reporting at $2.05)

2.      Alaska (lowest station reporting at $2.29)

3.      Hawaii (lowest station reporting at $2.73)

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