Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster

Gasoline Prices Push Toward $4 Per Gallon

dollar sign autoKentucky (4/21/14) — Gasoline prices are trending back toward $4 per gallon just in time for summer driving.

The chart below indicates a strong trend to $4 per gallon; but, diesel prices have already started to decline. Some analysts attribute the increase with the Ukrainian crisis with Russia.

Regular Gasoline Prices 201On-Highway Diesel Fuel Pric

 However, there is no indication that crude oil prices are spearing this increase: Some have speculated that President Obama has secretly pushed or allowed gasoline prices to increase to model after European pricing or to placate environmental supporters. The facts discount this theory. President Obama took office on Jan. 20, 2009 and the average price of a gallon of regular gasoline was $1.83 per gallon. However, this was down from the $4.054 per gallon in January of the previous year.

With oil production in the U.S. increasing and drivers continuing to replace low efficiency cars and trucks with higher efficiency models, any price spike above $4 would appear short lived. One would especially reach this conclusion with the declining price of diesel fuel.

As with all commodities, world and local events will continue to influence energy prices.

Ron Sanders
SurfKY News Group

Sources: United States Energy Information Administration; www.infomine.com.

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

Latest Video

3/13 - 16

Stock Report

1 DOW 17,279.74
+13.75 (0.08%)    
2 S&P 2,010.40
-0.96 (-0.05%)    
3 NASDAQ 4,579.79
-13.64 (-0.30%)    
3/13 - 16
3/13 - 16

In Other News...

Fall at Land Between The Lakes

KENTUCKY (9/19/14) — The following happenings and events are scheduled for this fall at Land Between The Lakes: Hike… Read More

Local NAMI Chapter Pleased with Recent Recognition of State Official

MURRAY, Ky. (9/20/14) — Kentucky First District U.S. Rep. Ed Whitfield, a co-sponsor of HB 3717, the Helping Families… Read More
3/13 - 16

Most Read This Week (Site-Wide)

September 15, 2014 5893

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 16, 2014 4498

Postal Worker Arrested for Terroristic…

in Top Stories by GPD PIO Wes Miller
September 19, 2014 3624

Madisonville Man Among Three Arrested for…

in Top Stories by Muhlenberg Sheriff Curtis McGehee
September 17, 2014 3347

Two Arrested for Meth After Traffic Stop

in Top Stories by Alex Piper
September 17, 2014 3206

Wanted Man Leads Troopers on Chase…

in Top Stories by Trooper Stu Recke

Most Read Stories from Hopkins County

September 17, 2014 3206

Wanted Man Leads Troopers on Chase…

in Top Stories by Trooper Stu Recke
September 19, 2014 2248

Five Injured in Two-Vehicle Collision at…

in Top Stories by MPD Officer Russell Nichols
September 17, 2014 1995

Three Injured in Two-Vehicle Accident

in Top Stories by Kyle Pharris
September 18, 2014 1759

Manitou Man Charged with DUI

in Top Stories by Madisonville Police Department
September 18, 2014 1631

Vehicle Strikes CSX Train Cars at Crossing

in Top Stories by Trooper Stu Recke

Most Read Stories from Owensboro

September 19, 2014 604

Police Searching for Hit-And-Run Driver

in Top Stories by Jennifer Smith, DCSO
September 18, 2014 550

Owensboro's Nathan Morris Has Worldwide…

in Top Stories by Paul McRee, SurfKY News
September 19, 2014 519

STREET CLOSINGS FOR MONDAY, SEPTEMBER 22

in Top Stories by Abby Shelton
September 18, 2014 394

9-1-1 Phone Lines

in Top Stories by Michael Hathaway
September 18, 2014 357

Bearcats Return to Owensboro for…

in Top Stories by Kayla Cruse

Most Read Stories from Muhlenberg County

September 15, 2014 5893

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 16, 2014 4498

Postal Worker Arrested for Terroristic…

in Top Stories by GPD PIO Wes Miller
September 17, 2014 3347

Two Arrested for Meth After Traffic Stop

in Top Stories by Alex Piper
September 17, 2014 1388

Muhlenberg Job Corps Support is 'Written…

in Top Stories by Karen Robinson
September 16, 2014 1347

Former 1977 Graduates Speaks at…

in Top Stories by Karen Robinson

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 03social 04social 22social 21social 06