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Gas Prices Tumbling

Gas Prices Tumbling

Photo: WNAX


Gas prices keep tumbling.  Triple-A Nebraska spokesperson Rose White says prices have dropped 40-cents a gallon in the last month.  She says crude oil inventories are up 3.6 million barrels.  Supplies have risen for ten consecutive weeks, up more than 56 million barrels since mid-September.  U.S. oil production is also up to its highest level producing 11.7 million barrels a day.

The average price in Nebraska is now $2.37 a gallon but considerably less in some communities.  The lowest price in the state is in Yutan at $1.99 a gallon.

White says it costs about $6 less for drivers to fill their tank.

White says crude oil prices are expected to fall through the end of the year.