Filling up at the pump is keeping the cash in your wallet.
Nebraska’s price at the pump is ten cents less than the national average of $1.99. The lowest price found in the state is in Thurston County at $1.28. Nationally, the average for a gallon of unleaded gas dropped below $2 for the first time in four years.
The decline is due to COVID-19’s chilling effect on the global economy and the crude oil price war between Saudi Arabia and Russia. Crude plummeted to $20/barrel this week – a closing price not seen since 2002. During the past month, crude oil has fallen 57 percent in the U.S. commodities market; crude is down 67 percent compared to this time last year.