NEWS RELEASE
West Central Kentucky gas prices decreased six cents this week to $2.001 per gallon, according to AAA East Central’s Fuel Gauge Report.
On the National Front
Pump prices have fallen for 10 consecutive days, reaching today’s national average price of $2.17 per gallon. Drivers are benefitting from the lower price of retail gasoline, with today’s average five cents less per gallon than one week ago, and eight cents less than one month ago. The abundance of crude oil in the global market is contributing to lower prices, and as a result, retail averages are the same price as compared to one year ago.
Historically, gasoline demand tends to decline during the month of November, and with the autumn refinery maintenance season nearing completion, pump prices are expected to move lower to close out the year, barring any unanticipated outages or supply disruptions.
Global crude oil supply continues to outpace demand, which for now is keeping a ceiling on prices. The West Texas Intermediate opened this week’s trading session posting losses, building on last week’s decline due to continued supply worries. At the closing of Friday’s formal trading session on the NYMEX, the West Texas Intermediate was down $1.25, settling at $43.41 per barrel.
This week’s average prices: Western Central KY Average $2.001
Average price during the week of November 7, 2016 $2.066
Average price during the week of November 16, 2015 $2.028
The following is a list of the average price of unleaded self-serve gasoline in various areas:
$2.049 Bowling Green
$1.930 Elizabethtown
$2.072 Louisville
$1.974 Owensboro
$1.982 Paducah
Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile.
AAA East Central is a not-for-profit association with 82 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.