Nebraska Gasoline and Diesel Prices

For the week of November 27, Nebraska's average gasoline price increased one cent per gallon from the previous week to $2.28, which was 16 cents higher than the price at this time last year. This week, average prices in surveyed cities ranged from $2.20 in Columbus to $2.31 in Kearney and Lincoln. As of November 24, the Midwest gasoline stock level was just below the normal range with 49.9 million barrels.

Nebraska's average diesel price had risen one cent to $2.68 per gallon. According to the weekly price report, this week's state average was 21 cents higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.59 in Norfolk to $2.72 in Kearney. On the supply side, the Midwest distillate fuel inventory level was below the normal range with 19.9 million barrels of diesel fuel as of November 24.

Regular unleaded gasoline is regular unleaded motor gasoline with an 87 to 88 octane. Diesel fuel is fuel used for internal combustion in diesel engines.

An archive of this report, average gasoline prices for each month, average diesel prices for each month, and historical weekly prices are available for diesel and three grades of motor gasoline.

A general rule of thumb:  A dollar increase in the West Texas Intermediate (WTI) crude oil price will result in a 2.5-cent increase in the gasoline price and the diesel fuel price.  Likewise, a dollar decrease in the WTI crude oil price will result in a 2.5-cent decrease in the gasoline price and the diesel fuel price.

Source: Nebraska Energy Office, Lincoln, NE.

This report was updated on December 5, 2006.
Typically, there is one week between updates.