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Gas prices are five cents higher in West Central Kentucky this week at $2.708 per gallon, according to AAA East Central’s Gas Price Report.

Nationwide Trends:

The national average for a gallon of regular is a penny cheaper this week at $3.14. The slight decrease comes despite an uptick in demand, which is being offset by low crude oil prices that remain around $63 per barrel. This time last year, crude oil sold at $82 a barrel. Today’s national average for a gallon of gas is one cent less than a month ago but 51 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gasoline demand increased from 8.46 million barrels per day last week to 9.41. Total domestic gasoline supply decreased from 234.0 million barrels to 229.5. Gasoline production increased last week, averaging 10.1 million barrels per day.

At the close of Wednesday’s formal trading session, West Texas Intermediate fell $1.40 to settle at $62.27 a barrel. The EIA reports that crude oil inventories increased by 0.2 million barrels from the previous week. At 443.1 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.

The national average per kilowatt hour of electricity at a public EV charging station stayed the same this past week at 34 cents.

West Central Kentucky Averages

Today:  $2.708

One Week Ago:  $2.652

One Year Ago:  $3.321

Record Price Date (6/13/2022):  $4.742

The average price of unleaded self-serve gasoline today in various areas:

$2.563        Bowling Green

$2.596        Elizabethtown

$3.002        Louisville

$2.661        Owensboro

$2.717        Paducah

Quick Gas and Electricity Stats

Gas

The nation’s top 10 most expensive gasoline markets are California ($4.80), Hawaii ($4.51), Washington ($4.28), Oregon ($3.92), Nevada ($3.87), Alaska ($3.64), Illinois ($3.42), Arizona ($3.37), Pennsylvania ($3.35), and Idaho ($3.32).

The nation's top 10 least expensive gasoline markets are Mississippi ($2.68), Oklahoma ($2.71), Texas ($2.74), Louisiana ($2.75), Alabama ($2.78), Tennessee ($2.79), South Carolina ($2.80), Arkansas ($2.80), Kentucky ($2.83), and Kansas ($2.83).

Electric

The nation’s top 10 most expensive states for public charging per kilowatt hour are Hawaii (55 cents), Alaska (47 cents), West Virginia (47 cents), Montana (45 cents), South Carolina (44 cents), Tennessee (43 cents), Kentucky (42 cents), Idaho (42 cents), Louisiana (41 cents), and Georgia (40 cents).

The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (22 cents), Missouri (25 cents), Iowa (27 cents), Delaware (28 cents), Nebraska (28 cents), Utah (29 cents), Texas (30 cents), Maryland (30 cents), Vermont (31 cents), and North Carolina (31 cents).

Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.

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AAA East Central is a not-for-profit association with 69 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.