After falling for weeks, area gas prices increase - ABC 36 News - WTVQ

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LEXINGTON, Ky. (WTVQ/GasBuddy) – Lexington gas prices have risen 15.4 cents per gallon in the past week, averaging $2.04/g Monday, according to GasBuddy’s daily survey of 275 stations.

Gas prices in Lexington are 11.2 cents per gallon higher than a month ago and stand 24.9 cents per gallon lower than a year ago.

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According to GasBuddy price reports, the cheapest station in Lexington is priced at $1.70/g while the most expensive is $2.11/g, a difference of 41.0 cents per gallon. The lowest price in the state Monday is $1.54/g while the highest is $2.29/g, a difference of 75.0 cents per gallon.

The national average price of gasoline has risen 1.2 cents per gallon in the last week, averaging $2.12/g. The national average is down 4.3 cents per gallon from a month ago and stands 49.0 cents per gallon lower than a year ago.

Historical gasoline prices in Lexington and the national average going back 10 years:
November 16, 2019: $2.29/g (U.S. Average: $2.61/g)
November 16, 2018: $2.29/g (U.S. Average: $2.63/g)
November 16, 2017: $2.35/g (U.S. Average: $2.56/g)
November 16, 2016: $2.04/g (U.S. Average: $2.15/g)
November 16, 2015: $2.12/g (U.S. Average: $2.15/g)
November 16, 2014: $2.87/g (U.S. Average: $2.88/g)
November 16, 2013: $3.28/g (U.S. Average: $3.19/g)
November 16, 2012: $3.42/g (U.S. Average: $3.42/g)
November 16, 2011: $3.30/g (U.S. Average: $3.39/g)
November 16, 2010: $2.82/g (U.S. Average: $2.87/g)

Neighboring areas and their current gas prices:
Kentucky- $1.91/g, up 4.0 cents per gallon from last week’s $1.87/g.
Cincinnati- $1.98/g, down 10.1 cents per gallon from last week’s $2.08/g.
Louisville- $2.03/g, up 2.3 cents per gallon from last week’s $2.01/g.

“For the first time in seven weeks, GasBuddy data showed average gas prices rose last week, unsurprising given the previous 18% jump in the price of crude oil on promising vaccine news,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “This year has been anything but normal and such news of promising vaccine results will likely rekindle gas prices for a short while. We’re likely to see prices inch up slightly again this week as gas stations continue to try to pass along the rise from last week to retail, but ahead of Thanksgiving, prices should be mostly stable. For now, motorists shouldn’t expect too many fireworks at the pump, but the upcoming release of GasBuddy’s Holiday Travel survey highlights some big changes motorists are making for the last six weeks of the year.”

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After falling for weeks, area gas prices increase - ABC 36 News - WTVQ
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