LOUISVILLE, Ky. — Drivers may feel some relief at the pump after gas prices dropped in Louisville last week.
Average gasoline prices in Louisville have gone down 7.2 cents per gallon last week, averaging $3.45 per gallon, according to GasBuddy’s daily survey of 644 stations across Louisville.
The prices are 7.5 cents lower per gallon compared to a month ago and are 15.5 cents lower compared to a year ago. The cheapest station in Louisville on Sunday was about $2.97 a gallon, while the most expensive was priced at $3.99.
The national average has fallen about 3.5 cents per gallon last week to $3.44. The national average for diesel fuel has fallen 2.3 cents to $3.76.
"With oil prices plummeting due to new concerns over the U.S. economy after a poor jobs report, gasoline prices have seen downside in many states, with potential for more to join that trend this week as previous refinery disruptions in the Great Lakes region fade away and the restart process begins," Patrick De Haan, head of petroleum analysis at GasBuddy, said.
"Diesel prices have also continued to drop, and while Tropical Storm Debby drops buckets of rain on Florida and the Southeast, it poses low risk to refineries or refined product pipelines, so the storm is not a major concern. With the Middle East on alert after Israel's attacks on Hamas and Hezbollah, there could be an impact on oil prices; however, with an inability to predict the outcome, I for now expect gasoline prices in most states to gently decline in the week ahead, with the Middle East situation being a wildcard."
Statewide, the lowest price on Sunday was $2.78 while the highest was about $3.99.
