Gail Weinholzer, at AAA-Nebraska, says all signs point to stable or lower gas prices in the months ahead.
Oil refineries have switched from the winter blend to the summer grade of fuel and there’s already an abundance of crude oil and refined oil, keeping gasoline prices low.
“There’s no reason to expect any significant increases, and in fact, we may actually see a slight decrease as we approach $2 a gallon perhaps, as we head into the summer driving season,” Weinholzer says.
She says the fuel cost forecast is based on what’s known right now.
“There’s always some exceptions to that should anything significant happen to the oil fields in the Middle East. Once we get into the summer season, of course, we always have to keep an eye on the hurricanes in the Gulf,” Weinholzer says. “Aside from those two things, the increased supply and relatively stable demand will keep prices low.”
The national average for gas is now $2.38 a gallon, while it’s $2.36 in Nebraska. That statewide average is down from $3.61 a year ago, or, lower by a $1.25 a gallon.