A nonprofit publication of the Kentucky Center for Public Service Journalism

LBAR September housing report: Home prices surge as demand continues in Central Kentucky

Demand throughout the region has driven up home prices over the first nine months of the year. The median price of a home in September hit $209,900, a 17 percent increase over last year when the median was $180,000. The September median is up over 2 percent from the previous month and has spiked 21 percent from January. Home prices have risen for 19 straight months with September recording the fourth...

AAA: Kentucky sees second-largest drop in gas prices in nation; demand plummets to 12-week low

As demand dropped for a second week, so did gasoline supply levels – down nearly 3 million barrels to 231 million barrels. Despite consistently decreasing week-over-week, supplies remain at a 3 million barrels year-over-year surplus. “Typically lower supply levels translate into higher pump prices. However, even with consistent declines in gasoline stocks, that’s just not the case right now,”...

Kentucky sees third-largest drop in gas prices nationally in past week; low prices here to stay

Motorists saw plenty of savings at the pump from Memorial Day through Labor Day. The national gas price average during the unofficial start and stop to summer was $2.15 ― the cheapest since 2004. Demand was decimated this summer, which ultimately meant increased supply and cheap gas prices. That trend continues. In its latest report, the Energy Information Administration (EIA) reported that demand...

Kentucky has largest price drop at gas pumps in nation during past week; average cost now $1.99

Kentucky gas prices have dropped 4 cents in the past week, the biggest drop seen of any state. Most areas saw gas prices decrease minimally over the past week, with the majority seeing a one or two cent decline, or no change at all. Though not big drops, the volatility was enough to drive the national average down a penny over the past week, now landing at $2.17. Today’s national average is two cents...

Chamber president warns some employers could see major unemployment insurance tax increases

Kentucky’s Unemployment Insurance (UI) Trust Fund currently has a balance of $0. This comes as the Commonwealth has the highest unemployment rate in the nation and an unprecedented amount of benefits have been drawn throughout the COVID-19 pandemic. Because of this, Kentucky Chamber of Commerce President Ashli Watts told legislators Thursday employers across the state are facing huge costs to replenish...

CPE report predicts strong 10-year growth in health care sector; degree production on pace to meet demand

A new report from the Kentucky Council on Postsecondary Education (CPE) shows that jobs in health care are expected to jump 12 percent during the next decade, expanding at nearly twice the average rate for all other jobs across the state. Meanwhile, Kentucky colleges and universities are on track to meet the demand for health care degrees and other credentials by 2024 following years of steady gains. The...

AAA: Gasoline prices remain mostly steady, despite demand at highest level in four nearly months

Gasoline demand increased on the week to the highest level (8.7 million barrels per day) since March as stocks decreased, but the combination still wasn’t enough to significantly impact gas price averages in Kentucky or across the country. On the week, the national gas price average only increased a couple of pennies to land at $2.20. That is 10 cents more than last month and nearly 60 cents less...

Kentucky gas prices continue to be among cheapest in nation; demand is at lowest since 1968

With Monday’s price at $1.51 per gallon, Kentucky continues to be the fourth-lowest gas market in the nation. This is down from last week’s price of $1.58 and the previous month’s average of $2.08. In Lexington, the average gas price is down 7 cents to settle at $1.45 for regular unleaded, compared with $2.05 a month ago. Last year at this time, the average in Lexington was $2.75. Other local...

Gas prices stabilize nationally as demand becomes more seasonal; Kentucky average at $2.42

The average Kentucky gas price dropped a penny from yesterday, but remains 4 cents higher than a week ago. The modest fluctuations are reflective of more stable prices across the country, as demand becomes more seasonal. The current average gas price for Kentucky is currently $2.42, compared with $2.39 a month ago and $2.47 a year ago. The average price for Lexington dropped 3 cents from yesterday,...