Gas prices continue to fall in Lexington, but still higher than a year ago

Prices in Lexington are 9.6 cents per gallon lower than last month

LEXINGTON, Ky. (WTVQ/PRESS RELEASE) – Average gasoline prices in Lexington have fallen 4.1 cents per gallon in the last week, averaging $3.90/g today, according to GasBuddy’s survey of 275 stations in Lexington. Prices in Lexington are 9.6 cents per gallon lower than a month ago and stand $1.22/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Lexington was priced at $3.58/g yesterday while the most expensive was $3.99/g, a difference of 41.0 cents per gallon. The lowest price in the state yesterday was $3.34/g while the highest was $4.29/g, a difference of 95.0 cents per gallon.

The national average price of gasoline has fallen 7.5 cents per gallon in the last week, averaging $4.10/g today. The national average is down 23.3 cents per gallon from a month ago and stands $1.25/g 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:
April 11, 2021: $2.68/g (U.S. Average: $2.85/g)
April 11, 2020: $1.48/g (U.S. Average: $1.84/g)
April 11, 2019: $2.76/g (U.S. Average: $2.82/g)
April 11, 2018: $2.62/g (U.S. Average: $2.67/g)
April 11, 2017: $2.34/g (U.S. Average: $2.40/g)
April 11, 2016: $1.94/g (U.S. Average: $2.04/g)
April 11, 2015: $2.40/g (U.S. Average: $2.39/g)
April 11, 2014: $3.76/g (U.S. Average: $3.62/g)
April 11, 2013: $3.42/g (U.S. Average: $3.56/g)
April 11, 2012: $3.84/g (U.S. Average: $3.91/g)

Neighboring areas and their current gas prices:
Kentucky- $3.86/g, down 8.0 cents per gallon from last week’s $3.94/g.
Cincinnati- $3.87/g, down 7.0 cents per gallon from last week’s $3.94/g.
Louisville- $4.00/g, down 8.3 cents per gallon from last week’s $4.08/g.

“Gas prices have continued to move in the right direction – down- saving Americans approximately $100 million every day compared to when prices peaked about a month ago. And, more good news is on the horizon: the national average this week will likely fall back under the critical $4 per gallon mark,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “It remains possible that gas prices may have hit their 2022 peak, barring the typical caveats like the Russia war on Ukraine, the economy, hurricane season and Covid don’t take drastic and unexpected turns. Diesel prices are also falling and likely to go back under the $5 per gallon average this week. The situation for now continues to show signs of improving, with the national average falling back into the $3 range as early as this week.”