Across the state, prices are averaging $2.29 a gallon on Sunday, according to GasBuddy's daily survey of 2,623 gas outlets in Kentucky. This compares with the national average that has fallen 2.4 cents per gallon in the last week to $2.31 a gallong, according to gasoline price website GasBuddy.com.
Including the change in gas prices in Kentucky during the past week, prices yesterday were 45.1 cents per gallon lower than the same day one year ago and are 4.0 cents per gallon lower than a month ago. The national average has decreased 1.3 cents per gallon during the last month and stands 47.2 cents per gallon lower than this day one year ago.
In Paducah, prices last Monday could be found for $1.92 a gallon, but seven days later, the price jolted by 20 cents a gallon to $2.12 or higher. The reason is unknown.
"The national average price of gasoline has now slipped nearly 10 cents lower than the 2016 peak, to-date, of $2.39 per gallon, bringing greater likelihood that prices for the Fourth of July weekend will be even lower than where they now stand," said Gregg Laskoski, senior petroleum analyst for GasBuddy.
"And if there was any doubt about the direction of retail gasoline, 'Brexit's impact --strengthening the U.S. dollar; weakening European currencies and weakening global crude oil prices-- is expected to add even more downward pressure to summer gas prices despite record-setting demand (9.81 million barrels per day for the week ending June 17)."
On the Net:
Click HERE for the latest gas prices in your area
