Gail Weinholzer, spokeswoman for AAA-Nebraska, says unless we fall into a recession again, we’ll likely have prices that high for another thousand days — or more.
“The record for a thousand consecutive days over $3 was set nationally a couple of days ago, Tuesday to be exact,” Weinholzer says, but Nebraska actually hit the thousand-day mark last week.
The last time Nebraska had gas prices averaging under three-bucks a gallon was December 12th of 2010. Weinholzer says it’s possible we may not see pump prices that low again.
“Certainly not within the next couple of years,” Weinholzer says. “There’s no reason to anticipate that, even though in some areas, production is increasing when you look like things like fracking.”
Even with the rising popularity of ethanol, the growth in the use of electric and hybrid cars, and efforts to produce oil domestically, Weinholzer says key developing nations are just starting to use gas-powered vehicle technology.
“You have to keep in mind that probably tens of thousands of people in China and India are buying their very first automobiles every month as we go forward,” Weinholzer says. ”
As a result, even though there is an increase in some areas of crude oil development, there is a more significant increase in demand.” Nebraska’s current average price for gasoline is $3.59 a gallon, that’s ten-cents higher than the national average.