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Gas Prices Keep Falling; Trend to Continue?

Gas Prices Keep Falling; Trend to Continue?
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By West Kentucky Star Staff
Sep. 22, 2014 | PADUCAH, KY
By West Kentucky Star Staff Sep. 22, 2014 | 07:54 AM | PADUCAH, KY
Average retail gasoline prices in Kentucky have fallen 4.7 cents per gallon in the past week, averaging $3.36 a gallon Sunday, according to GasBuddy's daily survey of 2,623 gas outlets in Kentucky.

This compares with the national average that has fallen 3.4 cents per gallon in the last week to $3.34 a gallon, according to gasoline price website GasBuddy.com. Including the change in gas prices in Kentucky during the past week, prices yesterday were 6.1 cents per gallon lower than the same day one year ago and are 7.5 cents per gallon lower than a month ago. The national average has decreased 8.1 cents per gallon during the last month and stands 15.0 cents per gallon lower than this day one year ago.

"As expected, fuel prices nationwide continue to decline following the expiration last week of the EPA's 'summer blend' gasoline requirement," said GasBuddy.com Senior Petroleum Analyst Gregg Laskoski. "That's good news for consumers. We know that when gas prices rise in springtime it removes billions from the U.S. economy... logic dictates that the reverse is true too, and that as prices fall, it puts a little money back in consumers' pockets."

In Paducah, prices are ranging from $3.12 to $3.30 a gallon, with the cheapest prices off of I-24's Exit 3.

On the Net:

Click HERE for the latest Gas Prices in the area.
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