Gas Prices Steadily Increasing But Still Below 2019

Gas prices in western Kentucky have edged up four cents in the past week and 27 cents in the past month as more cars hit the roads in response to the relaxation of some COVID-19 restrictions.

According to the AAA Gas Price Report, gas in West Central Kentucky averaged $2.04 last week. Gas prices in Kentucky and Michigan both jumped nine cents last week to lead the Great Lakes and Central regions of the U.S.

Gasoline stocks in the region saw a substantial 1.9-million-barrel draw, which is one reason for the fluctuation in gas prices. Last week, gasoline demand across the nation increased 10-percent with the demand rate the highest since March.

While the price of gas in Kentucky has increased from $1.83 to $2.10 in the past 30 days, it’s still considerably less than the $2.53 average from this week in 2019. In June of 2014, the average gallon of gas cost $3.36 a gallon.

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