Beech Tree News Network

Gas prices in West Central Kentucky are three cents lower this week at $3.495 per gallon, according to AAA East Central’s Gas Price Report.

Nationwide Trends:
Motorists are getting a break at the pump as the summer travel season heats up. For the first time since mid-March, the national average for a gallon of regular gasoline is down to $3.92. This marks nearly four straight weeks of declines. Crude oil prices continue to fall as the U.S. and Iran work on a deal to reopen the Strait of Hormuz. Sliding gas prices come as millions of Americans prepare to travel for Independence Day in record numbers starting next weekend. Today’s national average is 63 cents less than a month ago but 71 cents more than a year ago.

According to new data from the Energy Information Administration (EIA), gasoline demand increased last week from 8.73 million barrels per day to 9.21 million. Total domestic gasoline supply decreased from 215.1 million barrels to 214.2 million. Gasoline production increased last week, averaging 10.1 million barrels per day.

At the close of Wednesday’s formal trading session, West Texas Intermediate rose 74 cents to settle at $76.79 a barrel. The EIA reports crude oil inventories decreased by 8.3 million barrels from the previous week. At 418.2 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.

The national average per kilowatt hour of electricity at a public EV charging station went down one cent this past week to 41 cents.

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

$3.483        Bowling Green

$3.475        Elizabethtown

$3.605        Louisville
$3.367        Owensboro
$3.544        Paducah

Quick Gas and Electricity Stats

Gas

The nation’s top 10 most expensive gasoline markets are California ($5.58), Hawaii ($5.53), Washington ($5.35), Alaska ($4.99), Oregon ($4.84), Nevada ($4.77), Idaho ($4.24), New York ($4.23), District of Columbia ($4.20) and Arizona ($4.20).

The nation's top 10 least expensive gasoline markets are Indiana ($3.33), Oklahoma ($3.41), Texas ($3.42), South Carolina ($3.50), Tennessee ($3.51), Louisiana ($3.52), Iowa ($3.53), Mississippi ($3.54), Alabama ($3.54), and North Carolina ($3.54).

Electric

The nation’s top 10 most expensive states for public charging per kilowatt hour are West Virginia (52 cents), Hawaii (51 cents), New Hampshire (47 cents), Louisiana (46 cents), California (46 cents), Alaska (46 cents), New Jersey (45 cents), Arkansas (44 cents), Illinois (44 cents), and Arizona (43 cents).

The nation’s top 10 least expensive states for public charging per kilowatt hour are Kansas (30 cents), Missouri (32 cents), Maryland (33 cents), Utah (33 cents), Iowa (33 cents), South Dakota (34 cents), Nebraska (35 cents), Vermont (35 cents), New Mexico (37 cents), and Colorado (37 cents).