Prices Pick Up at The Pump - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Prices Pick Up at The Pump

Posted: Updated:

Gas prices have gone up in Nebraska this past week but analysts believe that prices at the pump should remain relatively low for a while longer.

The average cost per gallon rose 8.7 cents and now rests at $3.04 per gallon as of Sunday, according to The rise beats out the national average which saw an increase of 2.2 cents per gallon in the last week. However, Nebraska's gas is still cheaper than the national average of $3.23.

Although prices saw a rise during the past week, they are still 13.9 cents per gallon lower than one year ago and are 0.9 cents per gallon lower than a month ago. The national average has decreased 2.4 cents per gallon during the last month and stands 0.9 cents per gallon lower than this day one year ago.

"Motorists hitting the road for Christmas travel are cringing as gasoline prices have picked up with the best now behind us," said Senior Petroleum Analyst Patrick DeHaan.

DeHaan believes consumers don't have too much reason to worry. He said that process should still remain relatively low in the coming months.

"While motorists aren't looking forward to the higher prices, they may take some solace in our expectation that gasoline prices in 2014 should average lower than they will after 2013 is complete. Make no mistake- gas prices will see volatility, and there will be times when motorists will experience "motion sickness" at the pump, but that shouldn't discount that Americans will be able to spend less on a yearly basis in 2014 than they did this year," DeHaan said.

Untitled Document


Powered by WorldNow
General and news information or questions:
Across the Midlands Information:
Phone: 308-743-2494
News Fax: 308-743-2660
All content © Copyright 2000 - 2014 WorldNow and NTV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.