Gas prices rising as autumn continues

Nebraska gas prices have risen 0.5 cents per gallon in the past week, averaging $2.52/g on Monday, according to GasBuddy’s daily survey of 1,150 stations. Gas prices in Nebraska are 2.9 cents per gallon higher than a month ago, yet stand 35.4 cents per gallon lower than a year ago.
According to GasBuddy price reports, the cheapest station in Nebraska is priced at $2.19/g while the most expensive is $2.83/g, a difference of 64.0 cents per gallon.
The national average price of gasoline has fallen 2.4 cents per gallon in the last week, averaging $2.63/g. The national average is up 6.5 cents per gallon from a month ago, yet stands 25.1 cents per gallon lower than a year ago.
“As expected, the national average has reverted to declining in the midst of resolution to refinery issues in the West Coast, while lower demand also weighs on oil prices, leading to modest relief in some areas of the country,” said Patrick DeHaan, head of petroleum analysis for GasBuddy.
While a partial trade deal with China may temporarily interrupt continued relief, the devil will be in the details—will any potential trade deal lead to solid expectations for economic growth in the U.S.?

 

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