LOUISVILLE, Ky. — Louisville gas prices are increasing slightly as Christmas nears.
Average gasoline prices in Louisville have gone up 5.2 cents per gallon last week, averaging $2.78 per gallon, according to GasBuddy’s daily survey of 644 stations across Louisville.
The prices are 2.1 cents per gallon lower compared to a month ago and are 4.3 cents higher compared to a year ago. The cheapest station in Louisville on Sunday was about $2.54 a gallon, while the most expensive was priced at $3.19.
The national average has risen about 0.8 cents per gallon last week to $2.98. The national average for diesel fuel has declined 1.8 cents to $3.472.
"As we edge closer to the end of the year, we're seeing momentum for falling gas prices weaken, which is typical as the national average generally bottoms out between Thanksgiving and Christmas," Patrick De Haan, head of petroleum analysis at GasBuddy, said.
"With oil prices rising back above $70 last week, gas prices may have less potential to drop much further, though there may be a second window of lower prices in January or February in some areas, but even that won't last long. While several states saw gas prices cycle last week, marked by a big jump in prices after a large decline, those that did see hefty jumps should see prices drift a bit lower, potentially making a second run at the season's lowest prices. The West Coast, including California, should continue to see prices drift lower, but with just a few weeks left in 2024, all attention turns to 2025. GasBuddy's 2025 Fuel Outlook, among the nation's most accurate fuel price forecasts, will be released in the coming weeks, offering motorists a glimpse into gas prices for the coming year."
Statewide, the lowest price on Sunday was $2.29 while the highest was about $3.59.
