Gas prices in West Central Kentucky are five cents lower this week at $2.673, according to AAA East Central’s Gas Price Report.
This week’s average prices: Western Central KY Average $2.673
Average price during the week of Jan. 21, 2025 $2.722
Average price during the week of Jan. 29, 2024 $2.720
Gas Prices in the Lake Cumberland Area:
Monticello at $2.78
Somerset at $2.76
Albany at $2.88
Whitley City at $2.89
Russell Springs at $2.77
Average prices of unleaded self-serve gasoline in various areas:
$2.648 Bowling Green
$2.609 Elizabethtown
$2.797 Louisville
$2.602 Owensboro
$2.707 Paducah
Trend Analysis:
The national average for a gallon of gas has remained stable at $3.12 over the past week due to easing oil costs and lower domestic gasoline demand. Today’s national average is nine cents more than a month ago and two cents more than a year ago.
According to new data from the Energy Information Administration (EIA), gasoline demand fell from 8.32 million barrels per day last week to 8.08. Meanwhile, total domestic gasoline stocks rose from 243.6 million barrels to 245.9, while gasoline production decreased last week, averaging 9.2 million barrels per day.
At the close of Wednesday’s formal trading session, West Texas Intermediate fell 39 cents to settle at $75.44 a barrel. The EIA reports that crude oil inventories decreased by 1.0 million barrels from the previous week. At 411.7 million barrels, U.S. crude oil inventories are about 6% below the five-year average for this time of year.
Motorists can find current gas prices nationwide, statewide, and countywide at gasprices.aaa.com.
AAA East Central is a not-for-profit association with 69 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. News releases are available at news.eastcentral.aaa.com. Follow us on Twitter and Facebook.