Gas Prices Jump Up as Year Comes to an End - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Gas Prices Jump Up as Year Comes to an End

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Gas prices are seeing a bit of an increase as the year comes to end, even in Nebraska where prices remain below the national average.

According to GasBuddy, the average price of a gallon of gas rose just over 11 cents in the past week, averaging $3.15 per gallon by Sunday. Senior Petroleum Analyst Patrick DeHaan says this trend of beginning the new year with slightly higher gas prices is pretty common.

"As the New Year rolls in, this is a type of trend that we're used to seeing," DeHaan said. "The bottom is behind us and prices generally begin the New Year on a higher note, like they will again this year. The trend won't last forever though, as January and February feature generally weak demand that should limit increases and keep prices relatively moderate for the next month or two."

According to DeHaan, by late Sunday night, there weren't any states with average gasoline prices under $3 a gallon. That is reflected in the national average which rose nearly 5 cents per gallon in the last week, to $3.29 per gallon.

With last week's price hike, the average price for a gallon of gas rose to 10 cents per gallon higher than one month ago, but remain just below where they were on the same day last year.

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