Gas Prices Lower Slightly as the Holiday Weekend Arrives

Since Monday, the national average for a gallon of regular gasoline has decreased by five cents to $4.84. Due to the delayed release of the Energy Information Administration’s (EIA) report on gasoline supply and demand last week, the federal agency released two weeks of data yesterday that showed gasoline demand decreased each week. Gas demand currently sits at 8.93 million b/d, which is lower than last year’s rate of 9.11 million b/d at the end of June. On the other hand, total domestic gasoline stocks increased by 2.6 million bbl to 221.6 million bbl. These supply/demand dynamics and decreasing oil prices have pushed pump prices lower. As these trends continue, drivers will likely continue to see relief at the pump.

 

National Average $4.84

Kentucky $4.55

Wayne County $4.48

Pulaski County $4.37

Clinton County $4.52

McCreary County $4.44

Russell County $4.43