The Sidney Sun-Telegraph - Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper

Nebraska gas prices remain steady over past week


Average retail gasoline prices in Nebraska have not moved in the past week, averaging $1.93 per gallon on Monday, according to GasBuddy’s daily survey of 1,150 gas outlets in Nebraska. This compares with the national average that has fallen 2.3 cents per gallon in the last week to $2.02 per gallon.

Including the change in gas prices in Nebraska during the past week, prices Monday were $1.25 per gallon lower than the same day one year ago and are 25.9 cents per gallon lower than a month ago. The national average has decreased 27.1 cents per gallon during the last month and stands $1.25 per gallon lower than this day one year ago.

In Sidney, Western Convenience still has the lowest price for gas at $1.61 per gallon. Thrifty’s is close behind at $1.64 per gallon. Those two locations are among the lowest-priced gas in the nation.

“Welcome back, $1.99,” said Patrick DeHaan, senior petroleum analyst with GasBuddy “This is the week that we’ll see the return to a national average of $1.99 per gallon, but motorists shouldn’t expect it to last very long. Refineries have been processing less crude oil and thus producing less gasoline, which will contribute to a soft bottoming out of the national average before a small recovery back in the very low $2s.

“And while this year will still feature far lower prices than last year, we’ll be subject to a seasonal lift in gasoline prices as refineries slow production to do maintenance and to make the progressive switch over to cleaner burning summer gasoline.,” DeHaan said. “Last year’s lift began the second week of February and saw the upward trend last until the beginning of May, during which, the national average saw a rise of 35 cents a gallon. This year we’re expecting a similar rise, though the previous few years the rise has averaged 30 to 65 cents per gallon.”

Some quick gasoline price statistics as of Monday morning:

• Missouri has the lowest state average in the country; at $1.79 today, it is one of 27 states averaging under $2 per gallon.

• There is only one state averaging above $3 per gallon today: Hawaii ($3.27).

• In the lower 48 states, California has the highest average at $2.45, followed by New York at $2.42.

• Every state has a lower average today than the same day last year. Ohio, at $1.89 today, has seen the biggest drop from the same day last year, down $1.40 from its January 26, 2014 average.

• Only one state has an average less than $1 lower than last year: Hawaii (76 cents lower).

• There are only three states that don’t have a single station reporting a price under $2 gallon: Vermont (lowest station reporting at $2.05), Alaska (lowest station reporting at $2.29) and Hawaii (lowest station reporting at $2.73).

“On the diesel side of things, price drops have continued to outpace drops in gasoline prices,” DeHaan said. “Diesel prices dropped an average seven cents per gallon in the last week to $2.835 per gallon. By the start of February, diesel will fall under $2.80 per gallon, and by Valentines Day, they’ll fall to $2.65 a gallon, a sweetheart deal for consumers and trucking companies that have seen diesel prices lag behind gasoline prices.”


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