Nebraska Gasoline and Diesel Prices

Motor Gasoline

For the week of July 18, 2011, Nebraska's average gasoline price had risen 2 cents from the last report to $3.71, which was 95 cents higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $3.67 in North Platte to $3.79 in Norfolk. As of July 15, total inventory of all grades of gasoline in the Midwest region was just above the lower boundary of the normal range.

Diesel Fuel

The average price of diesel fuel in the state had risen 3 cents from the last report to $3.90. According to the weekly price report, this week's state average was $1.01 higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $3.86 in Omaha to $3.94 in Kearney and North Platte. On the supply side, the Midwest distillate fuel inventory level was in the lower half of the normal range with 26.4 million barrels of ultra-low sulfur diesel fuel and 1.5 million barrels of low sulfur diesel fuel as of July 15.

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 August 4, 2011.
Typically, there is one week between updates.