Gas Prices in Lincoln are Down

By  | 

Lincoln gas prices have fallen 0.7 cents per gallon in the past week, averaging $2.55/g Monday, according to GasBuddy's daily survey of 146 stations. Gas prices in Lincoln are 6.5 cents per gallon lower than a month ago, yet stand 20.2 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Lincoln is priced at $2.28/g Monday while the most expensive is $2.80/g, a difference of 52.0 cents per gallon. The lowest price in the state today is $2.22/g while the highest is $3.07/g, a difference of 85.0 cents per gallon. The cheapest price in the entire country today stands at $1.91/g while the most expensive is $5.49/g, a difference of $3.58/g.

The national average price of gasoline has fallen 0.4 cents per gallon in the last week, averaging $2.60/g today. The national average is down 6.9 cents per gallon from a month ago, yet stands 13.8 cents per gallon lower than a year ago.

Historical gasoline prices in Lincoln and the national average going back a decade:
November 4, 2018: $2.76/g (U.S. Average: $2.73/g)
November 4, 2017: $2.60/g (U.S. Average: $2.52/g)
November 4, 2016: $2.26/g (U.S. Average: $2.22/g)
November 4, 2015: $2.48/g (U.S. Average: $2.20/g)
November 4, 2014: $3.00/g (U.S. Average: $2.96/g)
November 4, 2013: $3.19/g (U.S. Average: $3.22/g)
November 4, 2012: $3.43/g (U.S. Average: $3.47/g)
November 4, 2011: $3.47/g (U.S. Average: $3.41/g)
November 4, 2010: $2.79/g (U.S. Average: $2.79/g)
November 4, 2009: $2.71/g (U.S. Average: $2.67/g)

Neighboring areas and their current gas prices:
Omaha- $2.50/g, up 5.0 cents per gallon from last week's $2.45/g.
Nebraska- $2.56/g, up 4.5 cents per gallon from last week's $2.51/g.
Topeka- $2.37/g, down 2.8 cents per gallon from last week's $2.40/g.

"While the national average gas price didn't show much of a significant trend either way, oil prices did jump last week on the solid jobs report and on news of a growing consensus that the U.S. and China have agreed to some form of a trade deal," said Patrick DeHaan, head of petroleum analysis for GasBuddy.

"With such strong economic data, the picture is painted that we could see improving demand for oil and thus prices rising last week. While it may not be immediately noticed at the pump as gasoline demand continues to be weak in the off-season, it certainly could lead to a more noticeable impact next summer should nothing change until then. Ahead of Thanksgiving, last week's oil jump may derail falling gas prices, though we still may see prices drift lower, the good economic news means prices will not drop as much as they could have otherwise."