Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

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 This material may not be published, broadcast, or rewritten without permission.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

In Other News...

Madisonville Woman Arrested for Being a Nuisance

MADISONVILLE, Ky. (7/28/14) — Madisonville Police responded to a disturbance complaint at a Park Avenue address Friday,… Read More

Woman Charged in Shooting

MURRAY, Ky. (7/29/14) — Murray Police Department officers responded to a possible gunshot victim at Murray Calloway… Read More

Most Read This Week (Site-Wide)

July 28, 2014 2891

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2468

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 25, 2014 2289

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 28, 2014 2013

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 25, 2014 1596

Business Spotlight - McQuady's Automotive

in Top Stories by Charles W. Riley II, SurfKY News

Most Read Stories from Hopkins County

July 28, 2014 2891

Madisonville Woman Arrested for Being a…

in Top Stories by Madisonville Police Department
July 28, 2014 2468

Madisonville Man Arrested for Endangering…

in Top Stories by Madisonville Police Department
July 25, 2014 2289

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 28, 2014 2013

Disagreement Over Killing Snake in House…

in Top Stories by Madisonville Police Department
July 28, 2014 1515

Two Injured in Vehicle Collision on…

in Top Stories by William Roundtree

Most Read Stories from Owensboro

July 28, 2014 903

Zuberer Takes Over at Quarterback for…

in News by Steve LeMaster
July 28, 2014 826

Dont Miss Out on a Howl of a Good Time

in News by Brittni Bunn
July 28, 2014 623

Instant Admissions Day is Aug. 1, 2014

in News by Bernie Hale
July 28, 2014 344

Prosecutors Mull Over Whether to Charge…

in Top Stories by Dennis Beard, SurfKY News
July 28, 2014 236

Owensboro Police Department Activity…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

July 25, 2014 1596

Business Spotlight - McQuady's Automotive

in Top Stories by Charles W. Riley II, SurfKY News
July 25, 2014 1393

Business Spotlight - Blue Moon Car Wash

in Top Stories by Charles W. Riley II, SurfKY News
July 28, 2014 1086

Foot Pursuit Ends with Arrest

in Top Stories by Christopher Rogers
July 25, 2014 1030

Open Mic, Bike Night Offer Good Times in…

in Top Stories by Paul McRee, SurfKY News
July 28, 2014 1012

Boys of Broad to Launch Video at Cinema 4

in Top Stories by Paul McRee, SurfKY News

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)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


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

social 06social 21social 22social 04social 03