LOUISVILLE, Ky. — Editor's note: the above video is regarding fuel efficiency for E15 vehicles.
There may be some relief on the horizon at the pump.
Average gasoline prices in Louisville dropped 10 cents a gallon last week, according to GasBuddy's daily survey of 644 stations in the city. Additionally, certain factors that drove prices up earlier this spring may be less prevalent, according to an expert.
Prices are 12.7 cents less than a month ago and 17.0 cents lower than a year ago. The cheapest station in Louisville was priced Sunday at $2.99 a gallon, while the most expensive was priced at $3.69.
The national average fell 1 cent last week to $3.62. The national average for diesel fuel dropped 3.4 cents to $3.94.
"We've seen the national average fade slightly again as oil prices have cooled and our spring peak appears to be more confidently behind us," said Patrick De Haan, head of petroleum analysis at GasBuddy.
"While refinery utilization rates last week indicated that there is still some refinery maintenance work to be done, oil prices have helped put downward pressure on gasoline prices, with oil falling below $80 per barrel last week. In addition, a weaker than expected jobs report is adding to some concerns that gasoline demand could remain weak through the summer driving season, which is just a few weeks from beginning. With the seasonal factors behind us, looking ahead, we expect gasoline prices to continue cooling alongside diesel prices as we look forward to Memorial Day weekend."
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