Gas Prices Rise in Neb. Experts Expect More Price Hikes in Feb.


Average gas prices have risen in Nebraska by 2.3 cents per gallon in the past week, according to the gasoline price website, and experts believe that drivers will see more price hikes in the next month.

As of Sunday the Nebraska average now sits at $3.11 per gallon. In comparison, the national average that has fallen 2.2 cents per gallon in the last week but rests a bit higher at $3.27 per gallon.

Average prices across the state Sunday were 5.9 cents per gallon lower than the same day one year ago but are 8.0 cents per gallon higher than they were a month ago. In comparison, the national average has increased by 4.7 cents over the last month and stands 1 cent per gallon higher than this day one year ago.

"The national average has picked up some downward momentum over the last week," said Senior Petroleum Analyst Patrick DeHaan.

"It's likely that during this week, we will see gasoline prices again drop below their year ago levels yet again," he said. "However, as we're approaching February, the most recent drops will likely reverse as refineries begin their maintenance season, which will see refineries doing critical work preparing for summer at the expense of gasoline output, which will be a contributing factor to an upward rise in gas prices."

"Motorists should expect more volatility in late-February through May as the market generally reacts to any unexpected production related issues, and there are generally several issues each year," DeHaan said.