How gas prices have changed in Lexington in the last week

Gasoline prices edged up slightly over the past week nationwide as the price of a barrel of oil has increased. The national average is about 30 cents lower than it was a year ago at this time, according to AAA data.

Attacks on ships moving goods like oil in the Red Sea have kept markets on edge, leading oil to rise in price in recent weeks. They’ve also driven up freight costs and have been met with a severe response from the Biden administration, as the corridor is responsible for about 12% of global trade.

A historically strong supply of oil in the U.S. domestic reserves has softened recent price increases at the pump for consumers, though analysts are forecasting that prices will rise steadily through the spring and reach a peak in July.

Stacker compiled statistics on gas prices in Lexington, KY metro area using data from AAA. Gas prices are current as of February 5.

Lexington by the numbers
– Gas current price: $2.79
— Kentucky average: $2.80
– Week change: -$0.07 (-2.5%)
– Year change: -$0.33 (-10.7%)
– Historical expensive gas price: $4.79 (6/10/22)

– Diesel current price: $3.66
– Week change: -$0.00 (-0.0%)
– Year change: -$0.82 (-18.2%)
– Historical expensive diesel price: $5.92 (6/20/22)

Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.19
#2. Hilo, HI: $4.79
#3. San Luis Obispo-Atascadero-Paso Robles, CA: $4.77

Metros with the least expensive gas
#1. Casper, WY: $2.41
#2. Idaho Falls, ID: $2.53
#3. Cheyenne, WY: $2.54

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