Good news on the gas front. Gregg Lakowski is the Senior Petroleum Analyst at GasBuddy.com and says there is no worry about supplies. He says inventories top 7-million barrels and that is 4% higher than one year ago. He says it is the highest level since February of 2011.
Lakowski says in Omaha, the average price for a gallon of regular unleaded is $3.08 and there is a bit of a gas war on in southwest Omaha where the ethanol blends are as low as $2.70. . The national average is $3.26 a gallon for regular unleaded.
Lakowski says the weather and the geo-political events will play a role in what we pay down the road. He says another component is fuel we can get into the country from Canada. He says the Rocky Mountains have a lot of gas stations right now that prices are under the $2.00 mark because they have access to that cheaper Canadian crude. Lukowski says that could happen here as well if the Keystone XL pipeline is approved. He says what we have in North America between Canada, the U-S and Mexico puts us in a position to create an alliance of influence that would “render OPEC irreverent for U-S Consumers”.
Lakowski’s early prediction for the national average for 2013 is $3.50 compared to $3.63 in 2012.