How gas prices have changed in Lexington in the last week

Published 5:48 pm Monday, August 5, 2024

How gas prices have changed in Lexington in the last week

Gasoline prices remain at the lowest levels drivers have seen during the summer season since 2021. Prices are lower today by about 4 cents per gallon compared to a month ago.

With Hurricane Debby making landfall Monday as a Category 1 storm, drivers should be aware that prices could face upward pressure in the coming weeks depending on the severity of damage to oil and gas infrastructure.

Barring any disruptions from storms, which GasBuddy analyst Patrick De Haan described in a statement Monday as posing “low risk to refineries or refined product pipelines,” economic indicators point toward even lower gas prices in the near future.

A disappointing jobs report last week has sent investors into a selling frenzy, worried over the cooling U.S. job market. The panic has caused the price of oil to drop, one of the biggest factors influencing the price of gasoline consumers pay at the pump.

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

Lexington by the numbers
– Gas current price: $3.24
— Kentucky average: $3.23
– Week change: -$0.04 (-1.2%)
– Year change: -$0.20 (-5.8%)
– Historical expensive gas price: $4.79 (6/10/22)

– Diesel current price: $3.52
– Week change: -$0.02 (-0.5%)
– Year change: -$0.44 (-11.1%)
– Historical expensive diesel price: $5.92 (6/20/22)

Metros with the most expensive gas
#1. Lihue (Kauai), HI: $5.25
#2. San Luis Obispo-Atascadero-Paso Robles, CA: $4.88
#3. Santa Rosa, CA: $4.87

Metros with the least expensive gas
#1. San Angelo, TX: $2.87
#2. Monroe, LA: $2.88
#3. Lubbock, TX: $2.90

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

You may also like: Homes for sale in Lexington at every price point