In Paducah prices have also increased to a range from $1.99 to $2.19 a gallon. In Metropolis, Illinois, prices are ranging from $2.12 to $2.29. In Paris, Tennessee, prices are ranging from $1.89 to $2.09 a gallon.
Including the change in gas prices in Kentucky during the past week, prices yesterday were 29.3 cents per gallon lower than the same day one year ago and are 22.8 cents per gallon higher than a month ago. The national average has increased 15.9 cents per gallon during the last month and stands 39.3 cents per gallon lower than this day one year ago.
"Gasoline and oil prices have set new yearly highs as the imbalance of supply and demand may begin to shift as global oil production shows signs of slowing and gasoline demand is accelerating. While oil inventories in the U.S. remain well-supplied for now, they are likely to start receding as refiners begin throttling up their operations after maintenance season. Americans appear ripe to consume near record levels of gasoline, if not the highest levels ever this summer with some of the lowest summer prices seen in ten years or so," said Patrick DeHaan, a Chicago-based senior petroleum analyst for GasBuddy.
"Gasoline prices in all fifty states saw a rise over the last week- an average of over 8 cents. While we may not see as such a sharp rise this week, we aren't out of the woods just yet. Gasoline prices may continue inching up until Memorial Day- a major test if refiners are well-prepared for the summer driving season," DeHaan added.
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