Nebraska Sees Slight Increase at the Pumps, Analysts Believe the Worst is Over
Gas prices bucked the national trend this past week in Nebraska, rising 1.7 cents per gallon on average.
The state average rang in at $3.51 per gallon on Sunday according to the gasoline price website www.gasbuddy.com. In comparison, the national average saw a drop of 1.4 cents per gallon but does come in a bit higher at $3.64 per gallon.
Including the rise in prices, the cost for a gallon of gas in Nebraska is 7.3 cents higher than it was a year ago ago but 2.4 cents less expensive than it was last month. The national average has increased 9.2 cents per gallon during the last month and stands 13.4 cents per gallon higher than this day one year ago.
Gas analysts believe, despite the small rise in Nebraska, the prices may have reached a plateau for the season overall.
"Finally, the news motorists have been waiting for: it appears that at least for now, the national average has peaked," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
"Since February 7, gasoline prices have been on an upward trajectory in a majority of the U.S., and at least for now, prices have broken that upward trend and have stabilized. This is great news, as it likely means in the next couple weeks that gasoline prices will begin seeing more downward momentum. By Memorial Day, if there aren't major refinery kinks that develop, we could see the national average dropping into the $3.50s, or perhaps even lower," DeHaan said.