Gas Prices Drop Slightly, Analysts Warn Not to Bank on The Trend


A small drop in gas prices is good news for Nebraskans.

Average retail gasoline prices in Neb. have fallen 3.3 cents per gallon in the past week, now averaging $3.66 per gallon Sunday, according to GasBuddy's daily survey of 1,150 gas outlets across the state.

This compares with the national average that has fallen 3.2 cents per gallon in the last week and sits even with the state average.

Including the change in gas prices in Nebraska during the past week, prices on Sunday were 14 cents per gallon lower than the same day one year ago but are 11.7 cents per gallon higher than a month ago.

The national average has increased 10.2 cents per gallon during the last month but still stands 8.8 cents per gallon lower than prices a year ago.

"Relief at the pump has continued for motorists in a majority of the United States during the last week," said Senior Petroleum Analyst Patrick DeHaan.

"I would caution motorists, however, not to sound the all clear. Refineries will be continuing their switch over to cleaner burning gasoline, and there certainly is the possibility that one mishap could send prices racing higher, much to the disappointment of motorists nationwide," DeHaan said.