Gas Prices in Lincoln are Down

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Lincoln gas prices have fallen 4.8 cents per gallon in the past week, averaging $2.78/g Monday, according to GasBuddy's daily survey of 146 stations. Gas prices in Lincoln are 15.8 cents per gallon lower than a month ago, yet stand 10.3 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Lincoln is priced at $2.39/g Monday while the most expensive is $3.10/g, a difference of 71.0 cents per gallon. The lowest price in the state today is $2.29/g while the highest is $3.07/g, a difference of 78.0 cents per gallon. The cheapest price in the entire country today stands at $1.97/g while the most expensive is $5.19/g, a difference of $3.22/g.

The national average price of gasoline has fallen 7.1 cents per gallon in the last week, averaging $2.73/g today. The national average is down 12.9 cents per gallon from a month ago, yet stands 17.8 cents per gallon lower than a year ago.

Historical gasoline prices in Lincoln and the national average going back a decade:
June 10, 2018: $2.88/g (U.S. Average: $2.91/g)
June 10, 2017: $2.34/g (U.S. Average: $2.33/g)
June 10, 2016: $2.43/g (U.S. Average: $2.38/g)
June 10, 2015: $2.66/g (U.S. Average: $2.75/g)
June 10, 2014: $3.47/g (U.S. Average: $3.65/g)
June 10, 2013: $3.67/g (U.S. Average: $3.64/g)
June 10, 2012: $3.46/g (U.S. Average: $3.54/g)
June 10, 2011: $3.80/g (U.S. Average: $3.71/g)
June 10, 2010: $2.65/g (U.S. Average: $2.68/g)
June 10, 2009: $2.67/g (U.S. Average: $2.62/g)

Neighboring areas and their current gas prices:
Omaha- $2.61/g, down 12.0 cents per gallon from last week's $2.73/g.
Nebraska- $2.70/g, down 8.2 cents per gallon from last week's $2.78/g.
Topeka- $2.58/g, down 2.4 cents per gallon from last week's $2.60/g.

"Last week saw a feat most motorists probably thought they'd never see in June- average gasoline prices declined in nearly every state across the country with the national average now at its lowest point since early April. The fall has come amidst a deep drop in oil prices set in to play on worries that tariffs could slow economic growth, reducing oil demand," said Patrick DeHaan, head of petroleum analysis for GasBuddy.

"The decline at the pump is likely to continue but may slow down in a few couple weeks as President Trump made a deal with Mexico over the weekend to avoid tariffs. With gasoline inventories also growing in most areas of the country, the transition to summer gasoline complete, motorists will continue to see prices moving lower as the summer driving season gets underway. We're likely to see more good news at the pump than bad for the foreseeable future."

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