AAA: Gas Prices Decrease in Kentucky
Gas prices in West Central Kentucky are three cents lower this week at $3.354, according to AAA East Central’s Gas Price Report.

This week’s average prices:

Western Central KY Average                                                              $3.354
Average price during the week of August 22, 2022                            $3.381
Average price during the week of August 30, 2021                            $2.796 
 

Average prices of unleaded self-serve gasoline in various areas: 
$3.438        Bowling Green
$3.191        Elizabethtown
$3.594        Louisville
$3.312        Owensboro
$3.236        Paducah

Trend Analysis:

The national average for a gallon of gas fell a nickel this past week to $3.85. Even though crude oil prices increased slightly over the past week, lower domestic demand for gasoline is keeping gas prices lower. Today’s national average is $1.16 less than the record set in mid-June and 71 cents more than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand decreased from 9.35 million barrels per day to 8.43 million barrels per day last week. This rate is 920,000 barrels per day lower than last year. Moreover, according to EIA, total domestic gasoline stocks remained almost unchanged week over week. With gas demand down and supplies unchanged, prices at the pump continue to fall. This steady daily decrease, now in its 74th consecutive day, is the longest streak since October 11, 2018 when the national average price of gas fell for 85 consecutive days.

Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.

AAA East Central is a not-for-profit association with 71 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.