How gas prices have changed in Elizabethtown in the last week

The median cost for a gallon of gasoline in the U.S. dropped below $3 this week, with the average sitting just a few cents higher at $3.15.

Gas prices have been in freefall for about three months due to declining demand and lower prices for oil. Record oil production in the U.S. and the weakening economic picture in China has emerged as a significant factor in slipping global demand.

“The trend is likely to continue in most states this week, while the national average could soon fall below $3.05 per gallon, the lowest since 2021,” GasBuddy analyst Patrick De Haan said in a statement Monday.

Stacker compiled statistics on gas prices in Elizabethtown-Fort Knox, KY metro area using data from AAA. Gas prices are current as of December 11.

Elizabethtown by the numbers
– Gas current price: $2.72
— Kentucky average: $2.82
– Week change: -$0.14 (-4.9%)
– Year change: -$0.03 (-1.0%)
– Historical expensive gas price: $4.76 (6/10/22)

– Diesel current price: $3.74
– Week change: -$0.06 (-1.6%)
– Year change: -$1.04 (-21.8%)
– Historical expensive diesel price: $5.93 (6/20/22)

Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.26
#2. Lawton, OK: $5.16
#3. San Luis Obispo-Atascadero-Paso Robles, CA: $5.06

Metros with the least expensive gas
#1. Casper, WY: $2.45
#2. Tulsa, OK: $2.47
#3. Brownsville-Harlingen, TX: $2.49

This story features writing by Dom DiFurio and is part of a series utilizing data automation across 371 metros.