Gas Prices Lower, But Demand Surging
By Mike Perleberg
(Lawrenceburg, Ind.) – Tri-State drivers are paying more for gas as the start of the summer travel season approaches.
GasBuddy.com reports the average price of self-serve unleaded is up 12 cents this week to $2.27 a gallon. Prices are also lower than this time last year, when local motorists were paying $2.65 a gallon.
The price-tracking website says stations in Lawrenceburg, Aurora, and Greendale are posting prices between $2.18 and $2.20. In northern Kentucky, prices range from $2.19 in Hebron to $2.29 in Walton. Most stations in Harrison and Cleves are selling for around $2.29.
According to the latest data from the U.S. EIA, total U.S. gasoline supplies are at their highest levels to start May on record. Historically gasoline demand increases leading into the summer driving season, and this year so far is no different. However, lower gas prices are contributing to drivers taking to the roads at record levels.
The 2016 summer driving season is expected to rival 2007 when gasoline demand hit an all-time high.