How gas prices have changed in Kentucky in the last week
Published 3:45 pm Friday, March 29, 2024
How gas prices have changed in Kentucky in the last week
The national average price for a gallon of gasoline was unchanged this week compared to last. Gas prices sit at their highest level so far this year.
It’s typical for gasoline prices to rise in the first half of the year as Americans plan more travel around the spring and summer after settling down during the cold months. But higher gas prices are keeping inflation stubbornly high to begin the year as gasoline is a near-universal cost associated with delivering goods and services to customers.
Ukrainian attacks on Russian oil and gas infrastructure have also driven prices up as Russia supplies much of the world’s oil.
“But those concerns have abated somewhat for now, and gas prices are settling into a pattern similar to last year when the usual seasonal increase was slow and steady,” AAA spokesperson Andrew Gross said in a statement Thursday.
Still, higher prices could loom on the horizon for drivers. This week, one J.P. Morgan analyst forecasted that gasoline prices could exceed $4 by the summer due to cuts in oil production announced by Russia.
Stacker compiled statistics on gas prices in Kentucky. Gas prices are as of March 29.
Kentucky by the numbers
– Gas current price: $3.24
– Week change: -$0.05 (-1.5%)
– Year change: +$0.05 (+1.5%)
– Historical expensive gas price: $4.80 (6/11/22)
– Diesel current price: $3.81
– Week change: -$0.02 (-0.5%)
– Year change: -$0.25 (-6.2%)
– Historical expensive diesel price: $5.85 (6/20/22)
Metros with most expensive gas in Kentucky
#1. Huntington-Ashland (KY only): $3.36
#2. Louisville (KY only): $3.30
#3. Hopkinsville: $3.29
#4. Covington: $3.27
#5. Lexington: $3.24
#6. Bowling Green: $3.23
#7. Henderson: $3.17
#8. Owensboro: $3.15
#9. Elizabethtown-Fort Knox: $3.15
States with the most expensive gas
#1. California: $5.04
#2. Hawaii: $4.70
#3. Washington: $4.51
States with the least expensive gas
#1. Mississippi: $3.08
#2. Colorado: $3.09
#3. Texas: $3.15
This story features writing by Dom DiFurio and is part of a series utilizing data automation across 50 states.