Following three consecutive weeks of rising gas prices, West Central Kentucky prices dropped a little over four cents to $2.494 per gallon this week according to AAA East Central’s Gas Price Report.
On the week, gas prices in the region slightly increased with the state of West Virginia (+4 cents) seeing the largest jump at the pump.
Nearly half (12) of the 25 states in the country selling gas for $2.60 or more are Mid-Atlantic and Northeast states.
Jumping 1 million barrels, gasoline inventories are at 57.4 million barrels, according to the latest EIA (Energy Information Administration) data. Despite carrying the third highest inventory of all the regions, the Mid-Atlantic and Northeast totals are 8.5 million barrels behind this time last year.
This week’s average prices: Western Central KY Average $2.494
Average price during the week of April 2, 2018 $2.537
Average price during the week of April 10, 2017 $2.287
Average prices of unleaded self-serve gasoline in various areas:
$2.582 Bowling Green
On the National Front
Gas prices have held at their highest price of the year – $2.66 – for one week. And motorists are seeing fluctuating prices at the pump from state to state with jumps as high as 12-cents in Utah and declines as much as 7-cents in Michigan since last Monday.
According to the EIA’s latest weekly report, gasoline inventories dropped by 1.1 million barrels. Additionally, demand for gasoline remains robust at 9.2 million barrels per day and is more in line with demand levels at the same time in 2017.
At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate decreased $1.48 to settle at $62.06.
Additionally, Baker Hughes, Inc. reported that the U.S. gained 11 active oil rigs last week, raising the total number to 808.
Motorists can find current gas prices nationwide, statewide, and countywide at GasPrices.AAA.com.
AAA East Central is a not-for-profit association with 80 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.
For More Information, Contact:
Lynda Lambert, Safety Advisor & Media Spokesperson
Desk: 502-779-3610 / Cell: 502-565-7410 / Email: Lambert.Lynda@aaaec.com