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Gas prices drop again in Louisville. Will the trend last?

The average price for a gallon of gas in Louisville is $3.34.

LOUISVILLE, Ky. — Editor's note: the above video is regarding fuel efficiency for E15 vehicles. 

Fore the second week in a row, the average price of gas in Louisville has fallen considerably. Will the trend last?

Average gasoline prices in Louisville dropped 22.3 cents a gallon last week, according to GasBuddy's daily survey of 644 stations in the city. This comes after a 15.5-cent decrease the week before.

Prices are 19.1 cents lower than a month ago and 9.7 cents lower than a year ago. The cheapest station in Louisville was priced Sunday at $2.79 a gallon, while the most expensive was priced at $3.99.

The national average fell 10 cents last week to $3.40. The national average for diesel fuel dropped 6.7 cents to $3.75.

"We've seen one of the larger weekly drops in the national average price of gasoline in some time, and what incredible timing that it comes at the beginning of the summer driving season," Patrick De Haan, head of petroleum analysis at GasBuddy, said.

"Not only have gasoline prices plummeted in nearly every state in the last week, but nearly every state has also seen prices drop compared to a month ago. With the declines, Americans will spend roughly $425 million less per week on gasoline than a year ago. In addition, the price of diesel has fallen alongside gasoline to its lowest level since Russia's invasion of Ukraine in early 2022. This price decline party is ramping up, and I expect additional declines ahead of July 4 for both gasoline and diesel prices. Six states now have average prices below $3 per gallon, and more will join soon, with the number of U.S. stations at $2.99 or lower already nearing 25,000. It's a great start to summer for those hitting the road."

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