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Gas prices drop in Louisville. Will the trend last?

The average price for a gallon of gas in Louisville is $3.21.

LOUISVILLE, Ky. — Editor's note: the above video is regarding temporary lane closures affecting the Clark Memorial Bridge.

Gas prices in the Louisville area are trending back down after gradually ticking up for the past few weeks.

The average price for a gallon of gas in the city is $3.21, down 3.8 cents from last week, according to GasBuddy's survey of 644 stations in Louisville. Prices are 9.2 cents higher than a month ago and 3.3 cents lower than a year ago.

The average price for a gallon of gas in Louisville increased by 7.2 cents in the previous week. The week prior to that, gas prices jumped up by 16.2 cents.

The cheapest station in the city was priced Sunday at $2.85, while the most expensive was $3.59, a difference of 74 cents per gallon.

The national average for diesel fuel fell 2.2 cents last week to $4.00 per gallon.

Neighboring areas and their current gas prices:

  • Lexington: $3.01/g, down 4.2 cents per gallon from last week's $3.06/g
  • Cincinnati: $3.28/g, down 12.3 cents per gallon from last week's $3.40/g

"Most Americans continued to see average gasoline prices march higher last week. The reason is the season: gasoline demand is rising as more Americans are getting out, combined with the summer gasoline switchover, which is well underway, and continued refinery maintenance," Patrick De Haan, head of petroleum analysis at GasBuddy, said. "The madness should slow down in the next few weeks as we've seen positive data that refinery output is starting to increase, a sign that the peak of maintenance season could be behind us. 

"In some positive news for Midwest motorists, the bp refinery in Whiting, Indiana that can process 440,000 barrels of oil per day is finally back to normal operations for the first time since an electrical failure happened in early February. For now, gas prices will likely continue to trend higher, but the fever may break soon. When it comes to diesel, the news has been good - above average temperatures have lowered heating oil demand, and average diesel prices are on the cusp of falling back below $4 per gallon." 

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