Gas prices continue to inch up across the state. GasBuddy’s head of petroleum analysis Patrick DeHaan says there are several majoring contributing factors right now that is causing the price at the pump to inch higher.
DeHaan says, “The increase in the price of oil lately has to do with not only OPEC’s production cuts that have been ongoing now for fifteen months but late developments in the last couple of weeks with political tensions. Mainly military involvement in Syria and escalating tensions with China. That is pushing up oil prices up to their highest levels since 2014.”
DeHaan says gas prices will rise for the next four to six weeks and prices at some stations in Nebraska could hit the $3 mark. He says there is good news on the horizon. Prices should start to drop in June as refineries finish up seasonal maintenance and complete the switch over to summer blend gasoline.