Gas prices down a nickel in the last week: GasBuddy

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LEXINGTON, Ky. (WTVQ) – Lexington gas prices have fallen 5.3 cents per gallon in the past week, averaging $1.92/g Monday, according to GasBuddy’s daily survey of 275 stations.

Gas prices in Lexington are 5.6 cents per gallon lower than a month ago and 35.0 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 $1.74/g Monday while the most expensive is $2.09/g, a difference of 35.0 cents per gallon. The lowest price in the state is $1.58/g while the highest is $2.29/g, a difference of 71.0 cents per gallon.

The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $2.11/g today. The national average is unchanged  from a month ago and stands 47.6 cents per gallon lower than a year ago.

Historical gasoline prices in Lexington and the national average going back 10 years:
November 30, 2019: $2.27/g (U.S. Average: $2.59/g)
November 30, 2018: $2.05/g (U.S. Average: $2.46/g)
November 30, 2017: $2.44/g (U.S. Average: $2.48/g)
November 30, 2016: $2.24/g (U.S. Average: $2.15/g)
November 30, 2015: $1.81/g (U.S. Average: $2.03/g)
November 30, 2014: $2.72/g (U.S. Average: $2.76/g)
November 30, 2013: $3.21/g (U.S. Average: $3.26/g)
November 30, 2012: $3.41/g (U.S. Average: $3.39/g)
November 30, 2011: $3.23/g (U.S. Average: $3.29/g)
November 30, 2010: $2.73/g (U.S. Average: $2.83/g)

Neighboring areas and their current gas prices:
Kentucky- $1.88/g, up 1.5 cents per gallon from last week’s $1.86/g.
Cincinnati- $1.93/g, up 3.7 cents per gallon from last week’s $1.89/g.
Louisville- $2.03/g, up 1.1 cents per gallon from last week’s $2.02/g.

“As the nation saw subdued traffic for Thanksgiving, gas prices have been mostly stable in the last week as gasoline demand plummeted to the lowest since spring as Americans stayed closer to home,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “With oil holding near a pandemic high around $45 per barrel, we may see additional upward pressure in the weeks ahead, but it’s unlikely to be earth shattering. We’re likely to remain in somewhat of a limbo until early 2021 or vaccines begin to see widespread distribution and Americans slowly start venturing back to their normal lifestyle- if they ever do.”