Official Nebraska Government Web site

Nebraska Gasoline and Diesel Prices

Motor Gasoline

Since the third week in September, the average retail price of gasoline in the state has dropped $1.75, or nearly 20 cents a week. This week, the average dived below $2 and is equivalent to the price at this time in 2004.

For the week of November 17, Nebraska's average gasoline price had dropped 16 cents from last week to $1.97, which was $1.23 lower than the price at this time last year. Weekly averages in the surveyed cities ranged from $1.88 in Grand Island and Omaha to $2.04 in North Platte. As of November 14, the Midwest gasoline stock level was below the normal range with 48.3 million barrels.

Diesel Fuel

Since the third week in July, the average retail price of diesel fuel in the state has dropped $1.96, or roughly ten cents a week. Last week, the average dived below $3.

The average price of diesel fuel in the state had decreased 13 cents to $2.80. According to the weekly price report, this week's state average was 63 cents lower than the price at this time last year. Weekly averages in the surveyed cities ranged from $2.74 in Lincoln and North Platte to $2.82 in Kearney and Omaha. On the supply side, the Midwest distillate fuel inventory level was in the lower half of the normal range with 20.1 million barrels of ultra-low sulfur diesel fuel and 3.4 million barrels of low sulfur diesel fuel as of November 14.

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.
This symbol indicates a rule of thumb follows.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.

Nebraska's weekly average gasoline price graphed for the years 
	     2004, 2005, 2006, and through the current week in 2007.

Regular Unleaded Gasoline Prices for the Week of November 17, 2008
(Price per Gallon)
  Columbus Grand Island Kearney Lincoln Norfolk North Platte Omaha State
Notes:The average may not equal the average of the components due to independent rounding. NA = Not Available.
Weekly Average $1.95 $1.88 $1.99 $1.96 $1.95 $2.04 $1.88 $1.97

Nebraska's weekly average diesel price graphed for the years 
	     2004, 2005, 2006, and through the current week in 2007.

Diesel Prices for the Week of November 17, 2008
(Price per Gallon)
  Columbus Grand Island Kearney Lincoln Norfolk North Platte Omaha State
Notes:The average may not equal the average of the components due to independent rounding. NA = Not Available.
Weekly Average $2.75 $2.77 $2.82 $2.74 $2.81 $2.74 $2.82 $2.80

Source:Nebraska Energy Office, Lincoln, NE.

This report was updated on November 21, 2008. Typically, there is one week between updates.