Posted on 2/2/14

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; 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 This material may not be published, broadcast, or rewritten without permission.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.

Weather Sponsored by

1 DOW 17,798.49
-14.90 (-0.08%)    
2 S&P 2,090.11
+1.24 (0.06%)    
3 NASDAQ 5,127.52
+11.38 (0.22%)    

Stock Report Sponsored by


Most Read This Week

November 24, 2015 9971

Distillery to Operate in Old Graham School…

by SurfKY News
November 21, 2015 8739

Injuries Result from Beulah Road Accident

by Doreen Dennis, SurfKY News
November 23, 2015 7575

Relative Charged with Murder, Arson in Deaths of…

by SurfKY News
November 24, 2015 4575

Ohio County Most Wanted - Top 10 - November 24

by SurfKY News
November 24, 2015 3234

Man Injured When Vehicle Collides with Deer

by SurfKY News

Most Read This Month

November 17, 2015 15725

Ohio County Most Wanted - Top 10 - November 17

by SurfKY News
November 18, 2015 14445

Runaway Teen Returns on His Own

by SurfKY News

Stories Trending Now

November 25, 2015 2283

Man Hospitalized after Early Morning Car Accident

by SurfKY News
November 26, 2015 2188

Muhlenberg Sheriff's Office Makes Cocaine Bust

by SurfKY News
November 27, 2015 1789

Madisonville Man Charged with Attempted Murder…

by SurfKY News
November 26, 2015 1423

Hopkins County Health Department Food Scores…

by SurfKY News
November 25, 2015 869

Thanksgiving is Peak Day for Cooking Fires

by SurfKY News
November 27, 2015 718

Hooked on Science - Pinecone Hygrometer

by SurfKY News
November 27, 2015 706

First United Bancorp Set to Purchase Town &…

by SurfKY News
November 27, 2015 702

Farm City Breakfast Recognizes Importance of…

by Tammy Holloway, SurfKY News
November 26, 2015 639

Hopkins County Warriors Go to National…

by SurfKY News