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

State's gas prices on slight uptick since last week

 


Average retail gasoline prices in Nebraska have risen 3.9 cents per gallon in the past week, averaging $1.97 per gallon Monday, according to GasBuddy’s daily survey of 1,150 gas outlets in Nebraska. This compares with the national average that has increased 2.7 cents per gallon in the last week to $2.05 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Nebraska during the past week, prices Monday were 124.7 cents per gallon lower than the same day one year ago and are 13.6 cents per gallon lower than a month ago.

Gas prices in Sidney remain lower than the statewide average, including two stations still selling gas in the $1.60s.

The national average has decreased 15.7 cents per gallon during the last month and stands 122.7 cents per gallon lower than this day one year ago.

“The four-month slide in gasoline prices has indeed come to a halt. A reduction in refinery output has been matched in recent weeks by sharp increases in wholesale gasoline prices,” said Gregg Laskoski, senior petroleum analyst with GasBuddy. “Since Jan. 7 through Friday(Jan 30) wholesale prices on average are up 20 cents per gallon so there’s no doubt now that the first-quarter climb is under way and is already being reflected in rising prices at the pump.”

 

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