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Gas Prices Go Up Ahead of Labor Day Weekend

Gas Prices Go Up Ahead of Labor Day Weekend
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By West Kentucky Star Staff
Aug. 22, 2016 | PADUCAH, KY
By West Kentucky Star Staff Aug. 22, 2016 | 07:13 AM | PADUCAH, KY
Average retail gasoline prices in Kentucky have risen almost 11 cents per gallon in the past week, averaging $2.16 a gallon Sunday. This compares with the national average that has increased almost 4 cents per gallon in the last week to $2.16 a gallon, according to gasoline price website GasBuddy.com.

Prices yesterday were 37 cents per gallon lower than the same day one year ago, but are 17 cents per gallon higher than a month ago. 

In Paducah, prices are ranging from $1.96 to $2.09 a gallon. In Murray and Mayfield, prices started at 1.89. In Oak Grove, prices started at 1.78.

In Cape Girardeau, gas was selling at 1.92 per gallon.

"With benchmark crude climbing more than $8 per barrel since the beginning of the month to $48 per barrel,  we should not be surprised to see gas in many areas nearly 5 cents higher than a week ago," said Gregg Laskoski, senior petroleum analyst for GasBuddy.

"While wholesale gasoline prices reflect the run-up for crude, it may be short-lived since the clock is ticking on the rally for retail prices with just two weeks left before Labor Day weekend," Laskoski added.  "Modest increases this week may actually taper off as we approach the holiday weekend."

On the Net:

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