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Gas Prices Holding Steady, Small Fluctuations

Gas Prices Holding Steady, Small Fluctuations
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By West Kentucky Star Staff
Oct. 12, 2015 | PADUCAH, KY
By West Kentucky Star Staff Oct. 12, 2015 | 08:09 AM | PADUCAH, KY
Gas prices across Paducah are holding steady, and in some cases have dropped a penny or two a gallon over the past week.

Overall, average retail gasoline prices in Kentucky have risen just over 1 cent per gallon in the past week, averaging $2.29 a gallon Sunday, according to GasBuddy.com. This compares with the national average that has increased 3 cents per gallon in the last week to $2.31 a gallon.

In Paducah, prices are ranging from $2.06 to $2.29 a gallon.  Last week at this time, they varied from $2.07 to $2.29 a gallon.

Kentucky's prices Sunday were 86 cents per gallon lower than one year ago and 5 cents higher than a month ago.

"A majority of states saw gasoline prices jumping over the last week thanks to a upward move in oil prices as well as refinery maintenance season getting underway," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.

"The most pressing issues on gasoline prices remain the recent surge in oil prices that have brought a barrel of West Texas Intermediate oil to nearly $50 bbl from $38 bbl in August. I believe oil and gasoline prices move lower again in the months ahead.

"We're sticking to our previous guidance- $1.98/gal nationally by Christmas," DeHaan said.

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