Prices around the region for a gallon of regular unleaded:
Elizabethtown - $3.544
Owensboro - $3.582
Bowling Green - $3.435
Louisville - $3.864
On the National Front
Just in time for next week’s start to the busy holiday travel season, motorists across the country are finally feeling some relief at the pump. Today’s national average price for regular unleaded gasoline is $3.644 per gallon. This is two cents less expensive than one week ago and about seven cents more than this same date last year.
Gasoline prices have been declining since the beginning of the month, which is typical for this time of year, following the conclusion of refinery maintenance leading up to the May 1 deadline to begin producing summer-blend fuel.
With this transition now complete, falling averages are increasingly likely to reflect that gas prices have reached their peak for the spring in many parts of the country. The national average has now fallen for 14 straight days, which is the longest streak since prices dropped 36 days in a row from September 1 to October 7 of last year.
The country’s record high stockpile of gasoline has the potential to keep downward pressure on prices entering this summer. Due to the increased supplies and relative absence of disruptions to production or distribution, drivers in many states are likely to see prices continue to fall as we approach the Memorial Day holiday. In comparison, over the same seven-day period last year (May 5-12), the national average increased six cents and continued to rise until Memorial Day.