WKYT - Lexington - Headlines

Gas hits $4.05/gallon, quickly drops

On Wednesday morning, WKYT began receiving reports of gas as high as $4.05 a gallon across the WKYT viewing area.

In Lexington, a gallon of unleaded was selling for $4.05 a gallon at the Shell station on Buckhorn Drive. There are also reports of gas selling for $4.05 a gallon in Mt. Sterling. In Louisville, it's as high as $4.15.

But on Wednesday afternoon, a WKYT news crew returned to one of the stations that had been selling gas for $4.05 and found that it had dropped to $3.79.

According to a AAA spokesperson, those four dollar a gallon prices are a possibility in the coming months. They say it's all due to the price of crude oil. That price is fueled by speculation, whether on issues in the middle east, or economic problems in Europe.

As for what you can do right now, AAA suggests abandoning brand loyalty, and fueling up wherever costs are low. Also, if you're traveling, plan stops at the stations with the cheapest gas.

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