Gas prices in West Central Kentucky are nine cents lower this week at $3.199 per gallon, according to AAA East Central’s Gas Price Report.
The average prices of unleaded gasoline in nearby cities:
$3.26 Bowling Green
$3.05 Elizabethtown
$3.12 Owensboro
In Grayson County, the lowest price for a gallon of unleaded is $2.99.
Trend Analysis
The national average price of gasoline dropped four cents this past week to $3.7 on the back of lower gasoline demand and the annual transition to winter blend gasoline, according to AAA. The national average has fallen $1.34 since its peak in mid-June. Monday’s average was 24 cents less than a month ago and 48 cents more than a year ago.
According to the Energy Information Administration (EIA), gas demand decreased from 8.73 million barrels per day to 8.49 million barrels per day last week. And total domestic gasoline stocks declined by 1.8 million barrels to 213 million barrels. Although gasoline demand has decreased, fluctuating oil prices and market concerns have led to smaller pump price decreases.
By Ken Howlett, News Director
Contact Ken at ken@k105.com
