LEXINGTON, Ky. (WTVQ/Gas Buddy) – Lexington gas prices have fallen 5.0 cents per gallon in the past week, averaging $2.06/g Monday, according to GasBuddy’s daily survey of 275 stations.
Gas prices in Lexington are 2.1 cents per gallon higher than a month ago and stand 17.7 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Lexington is priced at $1.89/g while the most expensive is $2.19/g, a difference of 30.0 cents per gallon. The lowest price in the state is $1.78/g while the highest is $2.41/g, a difference of 63.0 cents per gallon.
The national average price of gasoline has risen 3.5 cents per gallon in the last week, averaging $2.22/g today. The national average is up 4.0 cents per gallon from a month ago and stands 34.4 cents per gallon lower than a year ago.
Historical gasoline prices in Lexington and the national average going back ten years:
August 31, 2019: $2.24/g (U.S. Average: $2.57/g) August 31, 2018: $2.66/g (U.S. Average: $2.83/g) August 31, 2017: $2.56/g (U.S. Average: $2.51/g) August 31, 2016: $2.11/g (U.S. Average: $2.22/g) August 31, 2015: $2.40/g (U.S. Average: $2.47/g) August 31, 2014: $3.38/g (U.S. Average: $3.43/g) August 31, 2013: $3.66/g (U.S. Average: $3.58/g) August 31, 2012: $3.92/g (U.S. Average: $3.83/g) August 31, 2011: $3.60/g (U.S. Average: $3.61/g) August 31, 2010: $2.63/g (U.S. Average: $2.65/g)
Neighboring areas and their current gas prices:
Kentucky- $2.03/g, up 2.7 cents per gallon from last week’s $2.01/g.
Cincinnati- $2.22/g, up 10.6 cents per gallon from last week’s $2.12/g.
Louisville- $2.28/g, unchanged from last week’s $2.28/g.
“Gas prices have reached their highest post-coronavirus level as Hurricane Laura caused Gulf Coast refineries to shut, limiting production as gasoline demand edged higher,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “The rebound in demand comes with just a week left in the summer driving season and isn’t expected to continue once the driving season wraps up, but while some may see prices tick higher over the next few days, more decreases are coming to gas prices once Labor Day is over as demand will likely move lower. In addition, the switch back to cheaper winter gasoline will happen in a few weeks, giving more potential downward momentum for prices.”
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August 31, 2020 at 07:08PM
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Gas prices down for the week, up slightly over the month - ABC 36 News - WTVQ
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