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.
e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 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 This material may not be published, broadcast, or rewritten without permission.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 on social media.

Posted on 2/2/14
3/13 - 16
1 DOW 18,232.02
-53.72 (-0.29%)    
2 S&P 2,126.06
-4.76 (-0.22%)    
3 NASDAQ 5,089.36
-1.43 (-0.03%)    
3/13 - 16

Most Read This Week

May 15, 2015 10213

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
May 19, 2015 5307

Owensboro Health Proposes Building $15M Health…

by Doreen Dennis, SurfKY News
May 16, 2015 4969

Roses Coming Soon

by SurfKY News
May 18, 2015 3742

Madisonville Man Wanted for Attempted Murder in…

by SurfKY News
May 19, 2015 3668

Two Charged with Marijuana Possession after…

by SurfKY News

Most Read This Month

May 15, 2015 10213

New Madisonville Business In Full Operation Soon

by Tammy Holloway, SurfKY News
April 23, 2015 9578

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News

Stories Trending Now

May 22, 2015 3200

Madisonville Man Charged with First-Degree Rape

by SurfKY News
May 21, 2015 2931

Police Charge Madisonville Man with Harassing…

by SurfKY News
May 21, 2015 1031

Madisonville Police Arrest Reports Released - May…

by SurfKY News
May 21, 2015 894

Hopkins County Sheriff's Reports Released

by SurfKY News
May 21, 2015 738

Collision with Deer Results in Fatality on US 79

by Trooper S. C. Recke
May 21, 2015 691

UPDATE: Suspect in Officer Involved Shooting…

by SurfKY News
May 21, 2015 616

EPA Rules Threaten Aluminum's Revival

by Jim Waters
May 20, 2015 587

Four Go to Hospital After Two-Vehicle Collision

by SurfKY News
May 21, 2015 538

Corrections Officers to Get Pay Raises to Retain…

by Jennifer Brislin