gasoline

Like cheap gasoline?

Then you're in luck. Experts say gas prices very likely will keep falling. That's because a report released Wednesday showed a sharp increase in gasoline inventories.

The U.S. Energy Information Administration said that last week, companies added another 10.6 million barrels of gasoline, creating the biggest surge in supply since 1993. That added to fears that supplies will far outstrip demand for a long time.

Gage Skidmore, Flickr (Creative Commons License)

Kentucky Attorney General Jack Conway has filed a federal lawsuit against Marathon Petroleum, accusing the company of abusing its monopoly on the wholesale gasoline market in the commonwealth.

Conway says Marathon is engaging in anti-competitive practices that result in higher gas prices in Kentucky, particularly in Louisville and Northern Kentucky.

After years of complaints about high gas prices in Somerset, Ky., the city council and mayor did something about it. Last month, Somerset began selling gasoline to the public.

"It should have been this way years ago — fair," says Bob Thomas as he fills up his green pickup truck at the municipal Somerset Fuel Center.

The price is $3.36 a gallon, lower than the statewide average.

Natural gas provides an increasingly large share of the country’s electricity. And now, the fuel is growing in popularity as an alternative to gasoline. A new Louisville plant is betting that natural gas as a vehicle fuel is a technology that will be around for decades or longer.

Motorists across Kentucky are keen to the fact that when it comes to predicting gasoline prices, it is far from an exact science.  It’s not unusual to find pump prices in one town 20 to 30 cents lower than in a community less than a half hour away.