With the summer travel season in full swing, gas prices in the commonwealth dropped 13 cents this week, said AAA East Central.
The average price per gallon for the week of June 24, 2024, is $3.04, compared to $3.17 for the week of June 17, 2024. That’s also 24 cents lower compared to this time last year, when the price per gallon was $3.28 for the week of June 26, 2023.
Here are the average prices per gallon of unleaded self-serve gasoline in various cities across the state:
$3.01 Bowling Green
$2.87 Elizabethtown
$3.40 Louisville
$2.87 Owensboro
$3.04 Paducah
AAA said the national average for a gallon of gasoline has remained steady over the past week at $3.44. Increased supplies have helped stabilize pump prices despite a slow rise in demand. The national average is 16 cents lower than a month ago and 13 cents lower than a year ago, AAA added.
West Texas Intermediate rose by 60 cents at the close of the June 20 formal trading session, settling at $82.17 a barrel. AAA said, per the Energy Information Administration, that crude oil inventories decreased by 2.5 million barrels from the previous week, and lower crude inventories and geopolitical tensions have contributed to higher crude prices.
Visit our gas trackers in Louisville, Lexington, Bowling Green and Northern Kentucky for more on prices in your area.