In the past week, gas prices have actually dropped in Nebraska. Fuels analyst Harold Hommes says there have been no catastrophes impacting Gulf Coast refineries.
“Refinery production is running right at 100% right now, so the situation is as about as good as we could ask for,” Hommes says.
AAA reports gas prices in Nebraska are averaging $3.47 a gallon statewide. That’s eight cents below the national average and the state price has dropped four cents in the past week, 13 cents in the past month.
The price for a barrel of oil has gone up in the past week or so, but even with the international news, but says the good supply of gasoline has overridden concerns.
“There’s as much downward pressure on refined gasoline prices as there is upward,” according to Hommes. “The upward momentum if you will, or pressure is coming mostly from market psyche if you will, in that those are things that don’t necessarily really affect supplies.”
He says international incidents have just not risen to the level where they cause a concern about fuel supply.
“It lacks a fundamental support for that corresponding upward pressure on retail fuel prices,” Hommes says.
The drop in gas prices comes as the summer driving season is still in full swing.