Gas prices on the rise across the state, nation
Published 8:00 am Monday, June 29, 2020
Kentucky gas prices have risen 7.2 cents per gallon in the past week, averaging $2.04 per gallon, according to GasBuddy.com’s daily survey of 2,623 stations. Gas prices in Kentucky are 25.8 cents per gallon higher than a month ago and stand 48.1 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Kentucky is priced at $1.72 per gallon, while the most expensive is $2.39 per gallon, a difference of 67.0 cents per gallon.
The national average price of gasoline has risen 3.4 cents per gallon in the last week, averaging $2.17 per gallon. The national average is up 19.7 cents per gallon from a month ago and stands 53.4 cents per gallon lower than a year ago.
Historical gasoline prices in Kentucky and the national average going back 10 years:
June 29, 2019: $2.52/g (U.S. Average: $2.70/g)
June 29, 2018: $2.71/g (U.S. Average: $2.85/g)
June 29, 2017: $2.08/g (U.S. Average: $2.23/g)
June 29, 2016: $2.24/g (U.S. Average: $2.29/g)
June 29, 2015: $2.72/g (U.S. Average: $2.77/g)
June 29, 2014: $3.76/g (U.S. Average: $3.67/g)
June 29, 2013: $3.37/g (U.S. Average: $3.49/g)
June 29, 2012: $3.20/g (U.S. Average: $3.34/g)
June 29, 2011: $3.38/g (U.S. Average: $3.53/g)
June 29, 2010: $2.67/g (U.S. Average: $2.73/g)
Neighboring areas and their current gas prices:
Lexington- $2.14 per gallon, up 9.4 cents per gallon from last week’s $2.04 per gallon.
Evansville- $2.10 per gallon, down 1.6 cents per gallon from last week’s $2.11 per gallon.
Louisville- $2.27 per gallon, up 1.9 cents per gallon from last week’s $2.26 per gallon.
“Gasoline prices have continued to rise across the U.S., a streak that enters its ninth week, but with a resurgence in COVID-19 cases across several states and with Pay with GasBuddy gasoline demand data showing the first weekly drop in gasoline demand since Memorial Day and just the second one since March, there may eventually be a small reckoning in the price of gasoline,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Last week, U.S. gasoline demand fell 0.4%, not exactly a staggering figure, but data from later in the week pointed to much more noticeable drops, which may be a coming trend as authorities in some U.S. states rescind their re-openings. Motorists across the country will likely be influenced by what develops in those areas- improvement and a slowdown in COVID would cause gas prices to continue rising, while a continued resurgence in COVID-19 cases and a drop in gasoline demand will mean lower gas prices.”
GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades.