After remaining flat, gas prices in area jump 17 cents

Average up to $3.11 a gallon

LEXINGTON, Ky. (WTVQ/GasBuddy) – Average gasoline prices in Lexington have risen 16.8 cents per gallon in the last week, averaging $3.11/g Monday, according to GasBuddy’s survey of 275 stations in Lexington. Prices in Lexington are 17.5 cents per gallon higher than a month ago and stand 89.1 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Lexington was priced at $2.84/g Sunday while the most expensive was $3.25/g, a difference of 41.0 cents per gallon. The lowest price in the state Sunday was $2.62/g while the highest was $3.39/g, a difference of 77.0 cents per gallon.

The national average price of gasoline has risen 2.9 cents per gallon in the last week, averaging $3.34/g Monday. The national average is up 6.8 cents per gallon from a month ago and stands 92.8 cents per gallon higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Lexington and the national average going back ten years:
January 31, 2021: $2.22/g (U.S. Average: $2.42/g)
January 31, 2020: $2.31/g (U.S. Average: $2.47/g)
January 31, 2019: $2.14/g (U.S. Average: $2.27/g)
January 31, 2018: $2.46/g (U.S. Average: $2.59/g)
January 31, 2017: $2.24/g (U.S. Average: $2.27/g)
January 31, 2016: $1.61/g (U.S. Average: $1.80/g)
January 31, 2015: $2.14/g (U.S. Average: $2.05/g)
January 31, 2014: $3.25/g (U.S. Average: $3.27/g)
January 31, 2013: $3.45/g (U.S. Average: $3.43/g)
January 31, 2012: $3.41/g (U.S. Average: $3.44/g)

Neighboring areas and their current gas prices:
Kentucky- $3.04/g, up 8.1 cents per gallon from last week’s $2.96/g.
Cincinnati- $3.15/g, up 13.6 cents per gallon from last week’s $3.01/g.
Louisville- $3.03/g, up 1.8 cents per gallon from last week’s $3.02/g.

“The price of oil pushed into territory unseen in over seven years as WTI crude hit $88 per barrel, which continues to drag gasoline prices higher. With continued concerns over geopolitical tensions and crude oil supply, the small yet noticeable increases are likely to continue,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “The only factor keeping gas prices from rising more substantially is that gasoline demand remains low as winter storms keep motorists closer to home. Once the weather starts to turn and warm gradually, we’ll lose the only restraint to larger price increases.”