Gas prices drop over past two weeks

LEXINGTON, Ky. (WKYT/AP) - The average price of a gallon of gasoline has dropped 21 cents nationwide over the past two weeks and continues to fall in Kentucky as well.

"Even with Hurricane Sandy causing havoc on refineries and infrastructure in the Northeast, gasoline prices nationally have continued to trend lower," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "It goes to show how much more significant the Gulf Coast is to this nation's energy backbone when such a massive storm causes no major rise in the national average.”

Average retail gasoline prices in Kentucky have fallen 2.9 cents per gallon in the past week, averaging $3.30 a gallon. This compares with the national average that has fallen 5.6 cents per gallon in the last week to $3.51 a gallon, according to gasoline price website KentuckyGasPrices.com.



“The good news is that average prices will likely continue to decline, perhaps to $3.35 a gallon nationally by Thanksgiving," DeHaan said.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 177196081 - wkyt.com/a?a=177196081