Magoffin County had one gas station selling premium gas at the lowest price of $5.14 per gallon during the week ending May 2, according to customer reports submitted to GasBuddy.
GasBuddy reports listed only one gas station in Magoffin County.
Across Kentucky, the average reported price for a gallon of premium gas rose to $4.99, compared to the week before.
According to an analysis by Time Magazine, fuel prices remain elevated and volatile as global oil markets react to geopolitical developments tied to the U.S. conflict with Iran, with supply concerns focused on potential disruptions in the Strait of Hormuz. As of mid-April, the national average for gasoline remains above the $4-per-gallon mark, while diesel exceeds $5.60, reflecting recent swings driven by a temporary ceasefire and subsequent renewed escalation. Analysts say prices are likely to rise further in the near term as uncertainty persists and supply risks remain, with additional increases expected unless shipping flows through key transit routes are restored.
Gas price data reflects cash payments. Some stations may charge higher prices for credit card transactions due to processing fees, though such surcharges are prohibited in some states and territories.
Lowest Reported Premium Gas Prices in Cities Associated With Magoffin County in Week Ending May 2
Information in this article was obtained from GasBuddy. The source data can be found here.
