Gas prices in the greater Lexington area have risen 5.7 cents per gallon in the past week, according to GasBuddy price reports. Prices are averaging $2.60 per gallon and are 2.2 cents per gallon higher than a month ago, but are 24.5 cents per gallon lower than a year ago.
The cheapest station in the Lexington area is priced at $2.35 per gallon while the most expensive is $2.79, a difference of 44.0 cents per gallon. The lowest price in the state Monday is $2.12 per gallon while the highest is $2.99, a difference of 87.0 cents per gallon. The cheapest price in the entire country today stands at $2.06 per gallon while the most expensive is $5.09, a difference of $3.03/g.
The national average price of gasoline has risen 2.3 cents per gallon in the last week, averaging $2.75. The national average is down 0.3 cents per gallon from a month ago, yet stands 10.9 cents per gallon lower than a year ago.
Statewide the average is $2.56, up 4.0 cents per gallon from last week. In the Cincinnati area, prices are averaging $2.81 while Louisville area is at $2.77
“For the second straight week, the national average price of gasoline has moved higher, following energy market moves from the last few weeks as Iran remains a concern pushing oil higher as well as OPEC extending producing cuts and recent drawdowns in U.S. oil inventories,” said Patrick DeHaan, head of petroleum analysis at GasBuddy. “Nearly all motorists have seen the rise with an exception in some areas of the West Coast. Look for another week of gradual increases in gasoline prices, but without a another round of clearly defined upside in oil prices, we may see this current upward trend begin to slowly fade away in the next few weeks.”