A nonprofit publication of the Kentucky Center for Public Service Journalism

Kentucky, Indiana prices increase slightly as holiday travel week begins; Ohio gas prices hold steady

More than 100 million Americans are taking to the roadways to travel for the holidays, but that hasn’t had a large impact on gas prices.

At the start of the work week, only about a dozen states including Kentucky, Indiana and Michigan are seeing more expensive gas prices with increases of less than a dime. Ohio gas prices are holding steady on the week to week.

“AAA forecasts that 104 million Americans will travel by car – the most on record – for a year-end holiday,” said Jenifer Moore, AAA spokesperson. “The substantial number of motorists has caused some state averages to increase heading into the holiday week, but these jumps aren’t big and won’t last long or linger past the holiday season.”

Today’s national average is $2.54, which is a penny less than last week and a nickel cheaper than last month. While the national gas price average continues to slowly edge cheaper, it is noticeably more expensive as compared to last year’s holidays – by nearly 20 cents. However, this isn’t deterring people from taking their holiday road trips and some states are seeing lower averages than last year.

Four Great Lakes and Central States land on the top 10 list for largest weekly changes, but for increases and decreases alike: Kentucky (+9 cents), Illinois (-5 cents), Nebraska (+4 cents) and Indiana (+4 cents). The three states with large jumps are exceptions for the region. Filling up continues to be less expensive for the majority of motorists in the region thanks to mostly increasing stock levels since the beginning of November.

While regional prices are mostly cheaper on the week, they range from 18 cents to 47 cents more expensive compared to this time last year. This is likely due to higher winter crude oil prices.

The Energy Information Admiration’s (EIA) latest data shows that stocks built by 1.4 million bbl to total 51.6 million bbl. Currently, regional stocks sit at their highest level since early September, which is helping the majority of the region see cheaper weekly gas prices.

AAA is the most comprehensive resource for gas prices. AAA reports reflect actual prices from credit card transactions at more than 100,000 gas stations in the U.S. Check the latest gas prices anytime by visiting the AAA Gas Prices site.

From AAA

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