Beech Tree News Network

Gas prices in West Central Kentucky are a penny higher this week at $2.644, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Central KY Average                 $2.644

Average price during the week of Nov. 4, 2024                                    $2.634

Average price during the week of Nov. 13, 2023                                  $2.893

Average prices of unleaded self-serve gasoline in various areas: 

$2.608        Bowling Green

$2.570        Elizabethtown

$2.861        Louisville

$2.569        Owensboro

$2.614        Paducah

Trend Analysis:

The downward trend in pump prices continues as the national average for a gallon of gas fell by two cents over the past week to $3.08. Today’s national average is 12 cents less than a month ago and 29 cents less than a year ago.

According to new data from the Energy Information Administration (EIA), gas demand slid from 9.15 million barrels per day last week to 8.82. Meanwhile, total domestic gasoline stocks rose from 210.9 million barrels to 211.3, while gasoline production increased last week, averaging 9.7 million barrels daily. 

At the close of Wednesday’s formal trading session, West Texas Intermediate fell 30 cents to settle at $71.69 a barrel. The EIA reports that crude oil inventories increased by 2.1 million barrels from the previous week. At 427.7 million barrels, U.S. crude oil inventories are about 5% below the five-year average for this time of year.

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