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Louisville gas prices increase as national average decreases

The average price for a gallon of gas in Louisville is $2.80.
Credit: coreyfrey - stock.adobe.com

LOUISVILLE, Ky. — Louisville gas prices ticked up slightly last week after no increases in the last four weeks.

Average gasoline prices in Louisville have gone up 0.4 cents per gallon last week, averaging $2.80 per gallon, according to GasBuddy’s daily survey of 644 stations across Louisville.

The prices are 17 cents per gallon lower compared to a month ago and are 37.8 cents lower compared to a year ago. The cheapest station in Louisville on Sunday was about $2.48 a gallon, while the most expensive was priced at $3.19.

The national average has fallen about 0.7 cents per gallon last week to $3.02. The national average for diesel fuel has fallen 0.4 cents to $3.516.

"Several states saw gas prices jump or 'cycle' last week, a behavior in which gas prices climb significantly after falling below a station's replacement price. This led the national average to see little meaningful change from last week, with many states experiencing a slow decline, offsetting the few states that did see big jumps," Patrick De Haan, head of petroleum analysis at GasBuddy, said.

"However, the good news is that those states that saw large jumps last week will likely see some of the biggest declines at the pump this week, paving the way for the national average to fall, potentially below $3 per gallon, just in time for Thanksgiving, with GasBuddy tracking 28 states already below that level."

Statewide, the lowest price on Sunday was $2.32 while the highest was about $3.59.

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