Nebraska Gasoline and Diesel Prices
Motor Gasoline
For the week of May 7, 2012, Nebraska's average gasoline price had fallen 3 cents from the last report to $3.66, which was 31 cents lower than the price at this time last year. Weekly averages in the surveyed cities ranged from $3.56 in Grand Island to $3.72 in Kearney. As of May 4, total inventory of all grades of gasoline in the Midwest region was in the upper half of the normal range.
Diesel Fuel
The average price of diesel fuel in the state had fallen 2 cents from the last report to $3.96. According to the weekly price report, this week's state average was 13 cents lower than the price at this time last year. Weekly averages in the surveyed cities ranged from $3.91 in Lincoln to $4.00 in Columbus. On the supply side, the Midwest distillate fuel inventory level was in the normal range with 28.1 million barrels of ultra–low sulfur diesel fuel and 1.8 million barrels of low sulfur diesel fuel as of May 4.
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.
| Columbus | Grand Island | Kearney | Lincoln | Norfolk | North Platte | Omaha | State | |
|---|---|---|---|---|---|---|---|---|
| Weekly Average | $3.71 | $3.56 | $3.72 | $3.66 | $3.67 | $3.65 | $3.64 | $3.66 |
| Columbus | Grand Island | Kearney | Lincoln | Norfolk | North Platte | Omaha | State | |
|---|---|---|---|---|---|---|---|---|
| Weekly Average | $4.00 | $3.97 | $3.98 | $3.91 | $3.93 | $3.95 | $3.93 | $3.96 |
Source: Nebraska Energy Office, Lincoln, NE.
Notes: The average may not equal the average of the components due to independent rounding. NA = Not Available.
This report was updated on May 11, 2012.
Typically, there is one week between updates.