Gas prices in West Central Kentucky are nine cents lower this week at $3.199, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Central KY Average $3.199
Average price during the week of September 12, 2022 $3.285
Average price during the week of September 20, 2021 $2.937
Average prices of unleaded self-serve gasoline in various areas:
$3.261 Bowling Green
$3.047 Elizabethtown
$3.429 Louisville
$3.115 Owensboro
$3.142 Paducah
Trend Analysis:
The national average price of gasoline dropped four cents this past week to $3.67 on the back of lower gasoline demand and the annual transition to winter blend gasoline. The national average has fallen $1.34 since its peak in mid-June. Today’s average is 24 cents less than a month ago and 48 cents more than a year ago.
According to the Energy Information Administration (EIA), gas demand decreased from 8.73 million barrels per day to 8.49 million barrels per day last week. And total domestic gasoline stocks declined by 1.8 million barrels to 213 million barrels. Although gasoline demand has decreased, fluctuating oil prices and market concerns have led to smaller pump price decreases. At the close of Friday’s formal trading session, West Texas Intermediate increased by a penny to settle at $85.11.