Nebraska Gasoline and Diesel Prices

Motor Gasoline

For the week of September 20, Nebraska's average gasoline price had no change from the last report remaining at $2.81, which was 28 cents higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.75 in Lincoln and Norfolk to $2.88 in Kearney and North Platte. As of September 17, total inventory of all grades of gasoline in the Midwest region was in the normal range.

Diesel Fuel

The average price of diesel fuel in the state had increased 1 cent from the last report to $2.95. According to the weekly price report, this week's state average was 32 cents higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.89 in Norfolk to $2.97 in Kearney. On the supply side, the Midwest distillate fuel inventory level was above the normal range with 30.3 million barrels of ultra-low sulfur diesel fuel and 1.7 million barrels of low sulfur diesel fuel as of September 17.

Notes

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. Ultra-low sulfur diesel fuel has sulfur levels of 15 ppm and less while low sulfur diesel fuel ranges from more-than-15 ppm to 500 ppm sulfur.

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.

Source: Nebraska Energy Office, Lincoln, NE.

This report was updated on December 15, 2010.
Typically, there is one week between updates.