Gas Prices in Nebraska are the lowest they’ve been in a long time as we head into the Memorial Day Weekend. AAA Public Affairs Director Rose White.
White says AAA anticipates travel volume will be at an all-time record low despite the cheap gas prices.
The average price of gas in Iowa is $1.78 and in South Dakota it is $1.72.
The last time the national gas price average leading into the holiday was under $2/gallon was 17 years ago in 2003. That year motorists paid, on average, $1.50 to fill-up. Gas prices this year won’t be as cheap as 2003, but today’s national average is a dollar cheaper than one year ago.
Americans can expect gas prices to continue to push more expensive, possibly hitting $2/gallon in the next few weeks. This is mostly due to demand increasing as states re-open.
The Energy Information Administration (EIA) reports that regional gasoline stocks have decreased for six straight weeks in the Great Lakes and Central States region, bringing total stock levels down to the lowest measurement of the year at 54 million bbl. However, stocks remain above the year-ago level of 49.5 million barrels and the five-year average of 52.6 million barrels.
For the full AAA weekly gas price report, visit www.gasprices.AAA.com.
For the first time in 20 years, AAA will not issue a Memorial Day travel forecast due to COVID-19 impacts on the underlying economic data used to create the forecast.
White says travelers should be prepared before they head out for the weekend.
White also reminds motorists to buckle up this Memorial Day Holiday Weekend.