KENTUCKY — Gas prices in Kentucky dropped this week, despite average prices rising nationally. The average cost for a gallon of unleaded gasoline came in four cents cheaper at $3.25, according to the AAA Gas Price Report.
The price of gas dropped from $3.26 last week. Average prices are also down 63 cents from a year ago.
Here are the average prices at the pump in Kentucky:
- $3.23 Bowling Green
- $3.16 Elizabethtown
- $3.55 Louisville
- $3.04 Owensboro
- $3.13 Paducah
Despite continued lower-than-normal demand for gasoline, the national average price for gasoline is three cents higher this week at $3.59. According to AAA, the primary culprit is a higher oil price, which has recently increased to the mid-$70s per barrel.
According to the latest data from the Energy Information Administration, gas demand increased slightly to 8.86 million barrels for the week ending July 14.
Oil prices slid last week in response to market concerns that crude demand may soften in the months ahead. Due to extended repair timelines at refineries, lower refinery oil usage rates could influence how much oil prices decline.
To find the lowest gas prices in your area, you can check our gas trackers in Louisville, Lexington, Bowling Green and Northern Kentucky.