West Central KY Gas Prices On The Move
https://us.vocuspr.com/Publish/519775/vcsPRAsset_519775_105650_6cedf1fd-d3b9-46aa-8c17-74c4c796a240_0.jpg West Central KY Gas Prices On the Move Gas prices in West Central Kentucky jumped about five cents this week to $2.148 per gallon, according to AAA East Central’s Gas Price Report. On the National Front Gas prices are reaching an average price of $2.33 per gallon for regular unleaded gasoline. Today’s price is four cents more than a week ago, one cent more compared to one month ago and 27 cents more than the same date last year. National gas prices have increased six of the last seven days. Although the increase in prices has been moderate, it is possible this trend could continue as refinery maintenance wraps up, more expensive summer-blend gasoline becomes available and driving demand increases this spring.  The Great Lakes and Central States are currently switching from winter-blend to summer-blend gasoline and drivers are seeing significant increases at the pump, with Kentucky (+5 cents) landing on the list of top 10 weekly increases.  Unplanned mechanical repairs and pipeline issues at Valero's 172,000-b/d McKee and 103,000-b/d Houston refineries in the Texas Panhandle are impacting delivery and tightening supply in the Midwest region. This morning, the market saw a bump following reports that Iraq plans to increase its production cut compliance as a part of OPEC’s output agreement. This announcement furthered speculation that OPEC and non-OPEC producers may extend their agreement beyond the original six-month deadline of June. The oil reduction deal was brokered last fall in an attempt to rebalance the global oil supply and boost the price of crude oil. While the agreement has lifted the price of crude oil to $50 per barrel, it has also encouraged U.S. producers to invest and drill more. Oil service company Baker Hughes reported that the U.S. increased its rig count by 10 last week, bringing the total to 662. Traders will keep a close eye on discussions between OPEC and non-OPEC producers and any decisions they make regarding further production cuts through the remainder of 2017. At the close of Friday’s formal trading session on the NYMEX, West Texas Intermediate was up 25 cents to settle at $50.60 per barrel. This week’s average prices: Western Central KY Average         $2.148 Average price during the week of March 27, 2017                $2.093 Average price during the week of April 4, 2016                  $1.963 The following is a list of the average price of unleaded self-serve gasoline in various areas: $2.007     Bowling Green $2.129     Elizabethtown $2.333     Louisville $2.106     Owensboro $2.163     Paducah Motorists can find current gas prices along their route with the free AAA Mobile app for iPhone, iPad and Android. The app can also be used to map a route, find discounts, book a hotel and access AAA roadside assistance. Learn more at AAA.com/mobile (http://aaa.com/mobile) . AAA East Central is a not-for-profit association with 81 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members. For More Information, Contact: Jim Garrity, Public & Community Relations Manager Desk: 412-365-7274 / Cell: 412-905-9021 / Email: Garrity.James@aaaec.com (mailto:Garrity.James@aaaec.com) -AAA- ______________________ If you would rather not receive future communications from AAA East Central, please go to http://AAAEC.pr-optout.com/OptOut.aspx?519775x25590x87615x2x472868x24000x6&Email=submit%40theautochannel.com. AAA East Central, 5900 Baum Blvd, Pittsburgh, PA 15206 United States
