LOUISVILLE, Ky. — Editor's note: the above video is regarding fuel efficiency for E15 vehicles.
Gasoline prices in Louisville are shooting up, according to the latest numbers released Monday by GasBuddy.
The average price for a gallon of gas in the city rose 18.9 cents in the last week for an average of $3.49, according to GasBuddy's survey of 644 stations in Louisville. Prices are 23.3 cents higher than a month ago and 14.1 cents higher than a year ago.
Just last week, GasBuddy reported a slight drop in gas prices. Now, Louisville is experiencing a large spike in gas prices, likely due to Kentucky Derby week.
The cheapest station in Louisville Sunday was priced at $2.91 a gallon, while the most expensive was $3.79.
The national average decreased by 1.9 cents a gallon last week for an average of $3.63.
Neighboring areas and their current gas prices:
- Lexington: $3.41/g, up 16.7 cents per gallon from last week's $3.25/g
- Cincinnati: $3.53/g, down 14 cents per gallon from last week's $3.67/g
"With more confidence every day, it appears the spring top is in: average gas prices have started to cool off in many areas. For now, few Americans need to worry that gas prices are going to skyrocket; the risk appears to be behind us, with relief coming in the weeks ahead," Patrick De Haan, head of petroleum analysis at GasBuddy, said. . "While the latter half of the summer could potentially see hurricane-related issues, I do sense we've hit the top for now, and Americans should be optimistic that this summer will be very similar to last year, in line with our early 2024 expectations and likely not featuring record gasoline prices. I'm quite excited the seasonal rise in gas prices appears to be over."
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