Beech Tree News Network

Gas prices in West Central Kentucky are steady this week at $2.662, according to AAA East Central’s Gas Price Report.

This week’s average prices: Western Central KY Average                 $2.662

Average price during the week of Nov. 18, 2024                                  $2.663

Average price during the week of Nov. 27, 2023                                  $2.898

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

$2.588        Bowling Green

$2.607        Elizabethtown

$2.851        Louisville

$2.569        Owensboro

$2.697        Paducah

Trend Analysis:

The national average for a gallon of gas continues its downward trend, falling two cents over the past week to $3.05 – matching the January 2024 low. There are now 28 states with averages below $3. Today’s national average is nine cents lower than a month ago and 20 cents lower than a year ago.

According to new data from the Energy Information Administration (EIA), gasoline demand plunged from 9.38 million barrels per day last week to 8.41. Meanwhile, total domestic gasoline stocks rose slightly from 206.9 million barrels to 208.9, while gasoline production decreased last week, averaging 9.3 million barrels daily.  

At the close of Wednesday’s formal trading session, West Texas Intermediate fell 52 cents to settle at $68.87 a barrel. The EIA reports that crude oil inventories increased by 0.5 million barrels from the previous week. At 430.3 million barrels, U.S. crude oil inventories are about 4% below the five-year average for this time of year.

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