Nebraska Gasoline and Diesel Prices

For the week of March 19, Nebraska's average gasoline price had increased two cents from the previous week to $2.62, which was seven cents higher than the price at this time last year. This week, average prices in surveyed cities ranged from $2.57 in Norfolk to $2.65 in Kearney and Lincoln. As of March 16, the Midwest gasoline stock level was in the normal range with 52.5 million barrels.

Nebraska's average diesel price had no change from last week. According to the weekly price report, this week's state average was 15 cents more than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.74 in North Platte to $2.80 in Kearney. On the supply side, the Midwest distillate fuel inventory level was at the bottom boundary of the normal range with 24.2 million barrels of diesel fuel as of March 16.

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.

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 per barrel will result in a 2.5-cent increase in the gasoline price per gallon and the diesel fuel price per gallon.  Likewise, a dollar decrease in the WTI crude oil price per barrel will result in a 2.5-cent decrease in the gasoline price per gallon and the diesel fuel price per gallon.