Gas prices spiking higher again

Weekday broadcast of WYMT Mountain News at 11
Published: Jan. 23, 2023 at 11:00 AM EST
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Weekday broadcast of WYMT Mountain News at 11

LONDON, Ky. (WYMT) - Gas prices are on the climb.

Prices are now more than $3 a gallon at many Kentucky stations, and the price increases might not stop anytime soon.

GasBuddy.com reports gas in the Lexington area jumped 27 and a half cents last week alone, and prices are now more than 43 cents higher than a month ago and 21 cents more than a year ago.

All of this comes from continued refinery challenges, releases from the strategic petroleum reserve wrapping up, and the demand for gas increasing as we move away from the lighter demand the winter usually brings.

Right now, the national average is about $3.40 a gallon.