West Kentucky Star – News

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Higher prices for gas in western Kentucky

By the West Kentucky Star Staff

WESTERN KENTUCKY – Gasoline prices in western Kentucky are averaging $ 2.38 per gallon this week on average, an increase of 2.3 cents, according to the gas prices report. AA East Central.

Indiana (+14) and Ohio (+11 cents) recorded the largest gas price increases week after week among all states in the Great Lakes region and Central and in the country. Kentucky gasoline prices rose seven cents to $ 2.35 a gallon this week.

The supply of gasoline has declined slightly in the region to reach 58.3 million barrels, according to the Energy Information Administration (EIA). During the same week, the use of regional refineries decreased by 1%. If stocks continue to fall, gasoline prices will likely continue to rise, especially with the switch to summer gasoline, which is more expensive to produce.

Average prices of this week: Western Kentucky Average $ 2,318
Average price during the week of March 4, 2019 $ 2,250
Average price during the week of March 12, 2018 $ 2,295

Average prices of unleaded gasoline self-service in various fields:

$ 2,312 Bowling Green
$ 2,265 Elizabethtown
$ 2,442 Louisville
$ 2,280 Owensboro
$ 2,289 Paducah
Over the week, the average price of gas and that of 26 states jumped by one nickel or more. The national average has increased steadily over the last three weeks and currently stands at $ 2.47. Meanwhile, gasoline inventories gradually declined, demand began to rise and crude oil prices fluctuated. Together, these factors drive up the price of gasoline across the country. The average price of gasoline today is a nickel more than last week, 20 cents more than a month ago, but five cents less than last year .

At the end of Friday's official NYMEX trading session, West Texas Intermediate lost 59 cents to $ 56.07. Oil prices fell at the end of last week after the publication of data on lower-than-expected job growth in the United States and lingering concern about the slowdown in the US economy. global economy likely to weaken global demand for crude later this year. This week, crude prices could rise due to the contraction in the global supply of crude, as a result of the 1.2 million b / d production reduction agreement from the company. 39; OPEC reached at least in June 2019 and crude export sanctions imposed by the United States on Iran and Venezuela.

Motorists can find current gas prices nationally, nationally and regionally on GasPrices.AAA.com.

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