Gas prices in Nebraska fall 4.9 cents

Average retail gasoline prices in Nebraska have fallen 4.9 cents per gallon in the past week, averaging $1.83 per gallon Sunday, according to GasBuddy’s daily survey of 1,150 gas outlets in Nebraska.

This compares with the national average that has fallen 6.5 cents per gallon in the last week to $1.82 per gallon, according to gasoline price website GasBuddy.com.

Areas nearby Nebraska and their current gas price climate:

Lincoln - $1.94 per gallon, down 9.3 cents per gallon from last week’s $2.03 per gallon.

South Dakota - $1.83 per gallon, down 2.8 cents per gallon from last week’s $1.85 per gallon.

Omaha - $1.77 per gallon, down 2.7 cents per gallon from last week’s $1.80 per gallon.

Including the change in gas prices in Nebraska during the past week, prices yesterday were 9.7 cents per gallon lower than the same day one year ago and are 8.7 cents per gallon lower than a month ago. The national average has decreased 17.5 cents per gallon during the last month and stands 20.0 cents per gallon lower than this day one year ago.

“As the Northeast digs out from the brutal blizzard Jonas, commodities markets are attempting to dig themselves out of their recent hole,” said Will Speer, a GasBuddy senior petroleum analyst. “Crude oil futures have lost 18 percent of value since the end of 2015 and have cleared the way for the retail gasoline price decline. Ample supply has been attributed as the cause of prices falling at the pump. Gasoline inventories sitting at 245 million barrels are the highest the U.S. has seen since March 1990,” he said.