Kentucky’s average gas price 15 cents higher in a week

LEXINGTON, Ky. — The nationwide common pump worth for a gallon of fuel maintained its latest surge, rising seven cents over the previous week to hit $3.79. The escalation of fuel costs was even larger right here in Kentucky, as the common worth for a gallon of standard gasoline climbed 15 cents to $3.39. Tight provide and elevated demand as extra drivers gasoline up are the primary culprits.

“Whereas we will’t say for sure what’s sparking elevated demand, the benefit in fuel costs that we noticed for a lot of September might have led to customers turning into much less diligent about following habits that decreased how continuously they needed to refill,” says Lori Weaver Hawkins, public affairs supervisor, AAA Blue Grass. “The end result is a rise in demand, regardless of the summer time journey season being within the rearview mirror.”

Weaver Hawkins says the regional variations in fuel costs are stark in the intervening time, with costs on the West Coast hitting $6 a gallon and better, whereas Texas and Gulf Coast states have costs dipping beneath $3 in some areas. “No less than six California refineries are present process upkeep, and there may be restricted pipeline provide to the West Coast from places east of the Rockies,” she provides.

Based on knowledge from the Power Info Administration (EIA), fuel demand elevated nationally from 8.32 million barrels a day (b/d) to eight.83 million b/d final week. Whole home gasoline shares decreased by 2.4 million barrels to 212.2 million barrels.

“If demand stays strong as provide tightens, drivers ought to brace for the potential for rising pump costs at the very least by way of the weekend in lots of areas,” Weaver Hawkins predicts.

At present’s nationwide fuel worth common of $3.79 is similar as a month in the past however 60 cents greater than a yr in the past.

Kentucky’s common for a gallon of unleaded is now $3.39, steady in a single day, however 15 cents increased on the week and solely 5 cents decrease in comparison with a month in the past. A yr in the past, the common fuel worth in Kentucky was $2.92.

Lexington’s fuel worth common is now at $3.43, down a penny in a single day, however 20 cents increased than a week in the past and solely 3 cents decrease on the month. A yr in the past, the Lexington common was $2.95.

In Northern Kentucky, Covington is at $3.63, up a penny in a single day, up 23 cents on the week and 11 cents on the month. A yr in the past, Covington was at $3.

In Japanese Kentucky, motorists in Morehead are discovering the fuel worth common at $3.57, which is steady in a single day, down a penny on the week and 31 cents decrease on the month. A yr in the past, the common worth in Morehead was $3. These in Hazard are seeing the fuel worth common at $3.54 right now, down a penny in a single day, steady on the week and 11 cents decrease on the month. A yr in the past, the common in Hazard for a gallon of standard was $3.02.

Pikeville is at $3.44 right now, steady in a single day, 13 cents increased on the we4k and 24 cents decrease on the month. A yr in the past, the common in Pikeville was $2.81. Ashland is increased at $3.54 right now, steady in a single day, 3 cents decrease on the week and 16 cents on the month. A yr in the past, the worth in Ashland was $3.12.

Across the commonwealth, the best fuel costs stay primarily within the jap tier of counties, whereas the bottom costs are primarily discovered to the west. The very best county-level common fuel worth right now is Grant County at $3.69, adopted by Menifee County at $3.68. The most cost effective spot for fuel within the commonwealth right now will be present in Bell County at $2.96, adopted by Simpson County at $3.

Checking close by, the common worth for a gallon of standard right now (and alter in comparison with final week) in Ohio is at $3.69 (+.11), West Virginia $3.44 (-.03), Virginia $3.31 (-.04), Tennessee $3.18 (+.01), Indiana $3.98 (+.16), Illinois $4.16 (+.19) and Missouri $3.32 (-.04).

Throughout the nation, the excessive spot is California at $6.38, adopted by Nevada at $5.48, reflective of the refinery points on the west coast. California is up 59 cents on the week, whereas Nevada climbed 38 cents on the week. The bottom state averages will be present in Mississippi at $3.05, adopted by Louisiana and Texas, each at $3.09.

GAS PRICES FROM AAA
October 3, 2022

Common worth per gallon of self-serve, common gasoline.
Gasoline costs supplied by AAA http://gasprices.aaa.com/ 

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