Gas prices expected to keep falling through Labor Day - Omaha.com
Published Friday, August 16, 2013 at 1:00 am / Updated at 1:09 am
Gas prices expected to keep falling through Labor Day

• Check out AAA's Daily Fuel Gauge Report.

* * *

Ladies and gentlemen, start your engines!

Economic factors and a little luck with the weather have paved the way for falling gasoline prices across the country, with the decline expected to continue through Labor Day.

Among the reasons for lower pump prices:

• Plentiful regular unleaded gasoline supplies

• Less demand from motorists, who have mostly completed their summer travel and have their kids back in school

• No maintenance shutdowns at major refineries

• No hurricanes in the southeastern U.S. causing refinery problems or delivery delays

“We are expecting prices to remain very favorable through Labor Day,'' said Rose White of AAA Nebraska.

Regular unleaded was selling for $3.53 per gallon on average across the country Thursday, down 17 cents a gallon from a year ago. In Omaha, unleaded regular was averaging $3.46, White said, a drop of 21 cents from a year ago.

“Omaha prices are typically very competitive,'' she said.

Crude oil was selling for $107 a barrel Thursday, White said, $1 less than its high over the past 52 weeks.

Processed gasoline inventories, however, were up 8 percent over a year ago, she said. The bulging inventories are the main reason behind the price declines at the pump.

“Supplies are very good for regular unleaded right now,'' White said.

Stockpiles have swelled to their highest seasonal level in years, driving down gas prices in some parts of the country to their lowest point for this time of year since 2009.

That year, in August, regular unleaded averaged $2.62 a gallon in Nebraska and $2.55 per gallon in Iowa.

Statewide, Nebraska's average price for unleaded Thursday was $3.56, down 14 cents from a year ago. In Iowa, regular unleaded was selling for $3.47 per gallon, well under last year's price of $3.65.

The past week was a particularly good one for Iowa and Nebraska motorists, White said.

The two states were among 10 that recorded large drops in fuel prices over the week, she said. Indiana was the leader, with an 18-cent drop.

“In Nebraska, gasoline pump prices retreated an average of 7 cents a gallon,” she said, with Iowa seeing a drop of 8 cents a gallon.

This report includes material from Bloomberg News.

Contact the writer: Jay Withrow

jay.withrow@owh.com    |   402-444-1259    |  

Jay covers crime, weather, breaking news and other stories for Omaha.com.

Database: How much did Medicare pay your doctor?
Rather than doing $250K in repairs, owner who lives in lot behind 94-year-old house in Dundee razes it
New public employee pay data: Douglas, Lancaster, Sarpy Counties, plus utilities
PAC funded by Senate candidate Ben Sasse's great-uncle releases Shane Osborn attack ad
Teen killed at Gallagher Park was shot in head as he sat in SUV, friend who was wounded says
NB 30th Street lane closed
State Patrol, Omaha police conduct vehicle inspections
After all his bluster and bravado in the courtroom, Nikko Jenkins found guilty of 4 murders
A recap of what got done — and what didn't — in the 2014 legislative session
Bernie Kanger formally promoted to Omaha fire chief
U.S. House incumbents have deeper pockets than their challengers
Nancy's Almanac, April 17, 2014: Trees save money
Ex-Iowan behind landmark free speech case recounts story in Bellevue
Gov. Heineman signs water bill; sponsor calls it 'landmark legislation'
New UNO center strengthens ties between campus, community
Senate candidate Shane Osborn to include anti-tax activist Norquist in telephone town hall
Kelly: New $24M UNO center embodies spirit of newlywed crash victim
Gov. Heineman calls 2014 a 'very good year for Nebraska taxpayers'
High school slam poets don't just recite verses, 'they leave their hearts beating on the stage'
Attorney: Man accused of trying to open plane's door needs psychiatric evaluation
49-year-old sentenced to 40-50 years for attempted sex assault of child
Brothers looking for pot sentenced for violent home invasion
At Boys Town panel, experts stress it's never too early to educate children
Arrest made in teen's shooting death at Benson's Gallagher Park
Section of 50th Street to close for bridge demolition
< >
COLUMNISTS »
Kelly: Creighton's McDermotts put good faces on an Omaha tradition
A comical roast Wednesday night in Omaha brought fans of Creighton basketball laughter by the bucketful. This time it was McJokes, not McBuckets, that entertained the Bluejay crowd.
Kelly: New $24M UNO center embodies spirit of newlywed crash victim
Jessica Lutton Bedient was killed by a drunken driver at age 26 in 2010. Thursday, the widowed husband and other family members will gather with others at the University of Nebraska at Omaha to dedicate a permanent memorial to Jessica.
Breaking Brad: How much would you pay for a corn dog?
The Arizona Diamondbacks have a new concession item: a $25 corn dog. For that kind of money, it should be stuffed with Bitcoin.
Breaking Brad: Pothole repair crew gets stuck in a pothole
In East Lansing, Mich., a pothole repair crew got stuck inside a pothole. How did this not happen in Omaha?
Breaking Brad: What do the moon, Colorado senators have in common?
How about that "blood red" moon Monday? It was as red as the eyes of a Colorado legislator.
Deadline Deal thumbnail
Dr. Welbes Natural Health Clinic
$129 for 2 LipoLaser Sessions with Additional Complimentary Services ($605 value)
Buy Now
PHOTO GALLERIES »
< >
SPOTLIGHT »
Omaha World-Herald Contests
Enter for a chance to win great prizes.
OWH Store: Buy photos, books and articles
Buy photos, books and articles
Travel Snaps Photo
Going on Vacation? Take the Omaha World-Herald with you and you could the next Travel Snaps winner.
Click here to donate to Goodfellows
The 2011 Goodfellows fund drive provided holiday meals to nearly 5,000 families and their children, and raised more than $500,000 to help families in crisis year round.
WORLD-HERALD ALERTS »
Want to get World-Herald stories sent directly to your home or work computer? Sign up for Omaha.com's News Alerts and you will receive e-mails with the day's top stories.
Can't find what you need? Click here for site map »