Weather Forecast

Click for Imperial, Nebraska Forecast

Another near five-cent drop in gas prices seen PDF Print E-mail

Average retail gasoline prices in Nebraska have fallen another 4.9 cents per gallon in the past week, averaging $1.83 a gallon early this week, according to GasBuddy’s daily survey of 1,150 gas outlets in Nebraska.
The national average fell 6.5 cents per gallon in the last week to $1.82.
Including the change in gas prices in Nebraska the past week, prices Sunday were 9.7 cents per gallon lower than the same day a year ago and 8.7 cents per gallon lower than a month ago. The national average has decreased 17.5 cents per gallon during the last month and stands 20 cents per gallon lower than last year.
“As the northeast digs out from blizzard Jonas, commodities markets are attempting to dig themselves out of their recent hole,” said Will Speer, a GasBuddy senior petroleum analyst.
He said crude oil futures have lost 18 percent of value since the end of 2015 and have cleared the way for the retail gasoline price decline.  
“Gasoline inventories sitting at 245 million barrels are the highest the U.S. has seen since March 1990,” he said.