Louisville Kentucky Gasoline Prices
Posted on October 16, 2007
The Courier-Journal printed an interesting article today – according to a recent survey, gasoline prices in Louisville Kentucky have risen to $2.90 per gallon for many of the local filling stations. This is primarily due to concern of record setting oil prices that are now approaching the $90 per barrel range (its currently at $88 per barrel).
There is however some bright spots and places to fill up right now that are in the $2.60 per gallon range. Most of these are on the outskirts of the Louisville Kentucky metropolitan area in places like Simponsville, Shelbyville and La Grange.
The average price per gallon for the Louisville Kentucky area is $2.77 per gallon.
Most experts believe that the rise in the cost of oil is being pressured by concerns about potential disruptions of the oil supply in the Middle East, as well as concerns that there is insufficient oil being produced to meet estimated 4th quarter demands in the US. The feared disruptions is in part due to Turkey sending forces into northern Iraq to look for Kurdish rebels, and that this could spill over into the crude oil production and interrupt the supply being sent over to the United States.
With the current expenses for the local farmers and horse farms feeling pressure from low crop production yields, as well as much higher hay costs – it looks like its going to be an expensive winter for many Kentucky farms. Many farmers have been feeding their horses hay since August – creating much more demand for hay, and stretching an already abysmal hay supply beyond its capacity. When winter actually gets here, hay prices are expected to continue to rise.
There is a bright spot however, we did finally get SOME rain today and there is a forecast for more potentially later this week. Hopefully, it will be enough to stimulate some fast growth in the hay fields, and maybe farmers can get a second cutting of hay thats decent to help tide things over this winter.
» Filed Under Kentucky Horse Farms and Real Estate Tips, Louisville KY, Our Horse Farm, Shelbyville KY
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