There is good news at the gas pump in Nebraska. For the first time since December 2010 the statewide average price for a gallon of regular unleaded gasoline is under the $3 mark.
AAA Nebraska spokesperson Rose White says the average price for 87-88 octane rated fuel is $2.97. AAA surveyed 176 Nebraska communities and 105 reported gasoline averages of $2.99 or less.
White says gas prices are closely tied to wholesale crude oil costs and in the past 52-weeks prices have fallen from a high of $107 a barrel down to $75. It takes 30 to 45 days for crude oil to be processed and delivered to local markets so the downward pressure on prices is likely to continue through the rest of the year.
AAA Nebraska’s survey shows the lowest statewide price is in North Platte at $2.87 and the highest in Norfolk at $3.04. The national average is $2.86.