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Fill 'Er Up...Gas Prices Drop to $1.85 a Gallon

Fill 'Er Up...Gas Prices Drop to $1.85 a Gallon
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By West Kentucky Star Staff
Jul. 18, 2016 | PADUCAH, KY
By West Kentucky Star Staff Jul. 18, 2016 | 08:36 AM | PADUCAH, KY
Average retail gasoline prices in  have fallen 7 cents per gallon in the past week, averaging $2.04 a gallon Sunday, according to Website GasBuddy.com's daily survey of 2,623 gas outlets. This compares with the national average that has fallen almost two cents per gallon in the last week to $2.20.

In Paducah, prices have fallen to as low as $1.85 for regular unleaded gas.

Including the change over the past week, gas prices yesterday were 59 cents per gallon lower than the same day one year ago and are 30.2 cents per gallon lower than a month ago. The national average has decreased 14 cents per gallon during the last month.

"Summer travel is up, and yet, gas prices continue to decline? We know that seems perplexing for many, but that's exactly what's happening and it all comes down to those most basic fundamentals; supply & demand," said Gregg Laskoski, Senior Petroleum Analyst for GasBuddy.com. "Despite fuel consumption near record levels, U.S. gasoline inventory recently reached the highest July level ever recorded (240.1 million bbl) and, concurrently, the national average has continued its consistent decline."

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