Gas prices in the area continue up and down

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LEXINGTON, Ky. (WTVQ) – Lexington gas prices have fallen 6.1 cents per gallon in the past week, averaging $1.97/g Monday, according to GasBuddy’s daily survey of 275 stations.

Gas prices in Lexington are 8.4 cents per gallon lower than a month ago and stand 32.7 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 $1.83/g while the most expensive is $2.12/g, a difference of 29.0 cents per gallon. The lowest price in the state Monday is $1.51/g while the highest is $2.39/g, a difference of 88.0 cents per
gallon.

The national average price of gasoline has fallen 0.7 cents per gallon in the last week, averaging $2.14/g. The national average is up 1.4 cents per gallon from a month ago and stands 41.4 cents per gallon lower than a year ago.

Historical gasoline prices in Lexington and the national average going back 10 years:
December 14, 2019: $2.30/g (U.S. Average: $2.56/g)
December 14, 2018: $2.09/g (U.S. Average: $2.38/g)
December 14, 2017: $2.22/g (U.S. Average: $2.44/g)
December 14, 2016: $2.19/g (U.S. Average: $2.22/g)
December 14, 2015: $1.94/g (U.S. Average: $2.01/g)
December 14, 2014: $2.37/g (U.S. Average: $2.54/g)
December 14, 2013: $3.17/g (U.S. Average: $3.23/g)
December 14, 2012: $3.16/g (U.S. Average: $3.28/g)
December 14, 2011: $3.19/g (U.S. Average: $3.26/g)
December 14, 2010: $2.91/g (U.S. Average: $2.96/g)

Neighboring areas and their current gas prices:
Kentucky- $1.93/g, down 3.1 cents per gallon from last week’s $1.96/g.
Cincinnati- $1.98/g, down 3.6 cents per gallon from last week’s $2.01/g.
Louisville- $2.05/g, down 7.2 cents per gallon from last week’s $2.12/g.

“After gas prices spiked last week in their biggest weekly rise since August, we’ve seen them cool back down for the time being. With COVID-19 cases continuing to rise and restrictions weighing on gasoline demand, we’re likely to see optimism over vaccinations offset by lower current demand for the most part,” said Patrick De Haan, head of petroleum
analysis for GasBuddy. “In the weeks ahead as that balance shifts and millions get the vaccination, if things look much improved, I would expect for a longer upward move in gas prices. For now, however, the holidays will be marked by the lowest seasonal prices in years.”