Nebraska's weekly average gasoline price fell 21 cents per gallon from last week to $2.70, which was 76 cents higher than the price at this time last year. Weekly average prices in the surveyed cities ranged from $2.60 in Omaha to $2.80 in Kearney. As of October 7, the Midwest gasoline stock level was in the normal range with 50.9 million barrels.
Nebraska's diesel average increased 7 cents per gallon from last week reaching $3.15. According to the weekly price report, this week's state average was $1.10 higher than the price at this time last year. Weekly average prices in the surveyed cities ranged from $3.07 in Lincoln to $3.23 in Kearney. Nebraska's average monthly price in September was $2.80 per gallon, which was 30 cents higher than the average price for August. The Energy Information Administration's Short-Term Energy Outlook reported that retail diesel fuel prices are expected to reach their average monthly historical high, at over $3.00 per gallon. If daily and weekly prices continue to be over $3, the Short-Term Energy Outlook projection will be accurate. On the supply side, the Midwest distillate fuel inventory level was just under the normal range with 20.3 million barrels of diesel fuel as of October 7.
An archive of this report and historical weekly prices are available.
