The Energy Information Administration expects the rise in gasoline and diesel prices to slow down when the refineries undergoing maintenance return to full operation sometime over the next few weeks. Demand will continue to increase as summer approaches, but increased domestic production and continuation of imports is expected to hold prices down.
For the week of April 17, Nebraska's average gasoline price had jumped 12 cents per gallon to $2.81 from the previous week, which was 53 cents higher than the price at this time last year. Weekly average prices in surveyed cities ranged from $2.75 in Columbus to $2.86 in North Platte. As of April 14, the Midwest gasoline stock level was above the normal range with 52.9 million barrels.
Nebraska's average diesel price had jumped 11 cents to $2.80 per gallon. According to the weekly price report, this week's state average was 45 cents higher than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.78 in Columbus to $2.84 in Kearney. On the supply side, the Midwest distillate fuel inventory level was in the normal range with 21.4 million barrels of diesel fuel as of April 14.
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.
An archive of this report and historical weekly prices are available.