February 25, 2019|
AAA: Crude Oil Driving Higher Gas Prices
Twelve cents jump during past week alone
OMAHA, NE (Feb 25, 2019) ––– Nebraska gas prices for unleaded fuel climbed twelve cents a gallon during the past week to a statewide average of $2.31 a gallon, reports AAA-The Auto Club Group. Driving the increase are higher crude oil prices which are up $10 a barrel since the first of the year.
“For every $1 increase in crude oil costs, pump prices typically increase 2.5 cents a gallon,” said Rose White, public affairs director, AAA–The Auto Club Group. “The first week of January, crude was trading at $45 a barrel in the U.S. market. Today, crude is at $55 a barrel.”
Nebraska motorists filling a 15-gallon tank today are paying $4.10 more compared to pump price averages reported on January 1. At that time, the state average for unleaded fuel was $2.05 and many motorists were paying less than $2 a gallon.
“Today, only one community in Nebraska is reporting fuel at $2 gallon, and that will likely change very soon,” said White.
For more information on fuel prices visit www.gasprices.AAA.com.
Gas Price Survey Methodology
AAA updates fuel price averages daily at www.GasPrices.AAA.com. Every day up to 130,000 stations are surveyed based on credit card swipes and direct feeds in cooperation with the Oil Price Information Service (OPIS) and Wright Express for unmatched statistical reliability. All average retail prices in this report are for a gallon of regular, unleaded gasoline.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.8 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 59 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. Visit AAA on the Internet at AAA.com.
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