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As the war in Iran rages on, oil prices are soaring at home, increasing the cost for drivers filling up their tanks.AAA shows Nebraska fuel prices have gone up 32 cents since last Monday, with Iowa prices skyrocketing 54 cents in the same time. However, prices could level out in the near future.“We’re still not as high as the weekly jump after the start of the Russia-Ukraine conflict, which is great,” said Brian Ortner, Nebraska and Iowa AAA spokesperson. “Back then, the national average jumped $0.60 per gallon during that time.”Ortner said the national average jumped 48 cents since last Monday and noted that in 2022, prices eventually evened out.“There’s hope that we will see that again,” Ortner said.READ MORE: Map shows average gas price in each Nebraska countyNebraska’s average gas price is $3.04, while Iowa sits at $3.17.“Demand, supply and markets are the three contributing factors,” Ortner said, explaining the rise in prices.Ortner said nice weather and spring break will impact prices through supply and demand.Gas experts say drivers looking to save money at the pump could do so with memberships like Costco, saving anywhere from $0.05 to $0.25 per gallon. For those without a membership, apps like GasBuddy or Waze can help find the cheapest gas nearby.READ MORE: ‘Not enough to trigger a recession’: Nebraska feels oil blowback from Iran-US conflictFor those planning a road trip, Ortner suggests cutting additional spending at the pump.“Reduce your incidental costs at the gas station so you have the money for the fuel and more money when you arrive at your destination,” Ortner said.Ortner said crude oil hit market prices at $110 per barrel Monday morning.“Before lunchtime today, it’s dropped back below $100,” Ortner said. “But we’re sitting at $90 per barrel range, which has that impact directly at the pump.”Ortner said maintaining a car can also help drivers save money.“Having proper air pressure helps increase your gas mileage and your vehicle maintaining speeds on the roadways,” Ortner said.Ortner also said OPEC provides a glimmer of hope with the promise of increasing oil supply, but added prices will depend on how long the conflict overseas lasts.NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
As the war in Iran rages on, oil prices are soaring at home, increasing the cost for drivers filling up their tanks.
AAA shows Nebraska fuel prices have gone up 32 cents since last Monday, with Iowa prices skyrocketing 54 cents in the same time. However, prices could level out in the near future.
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“We’re still not as high as the weekly jump after the start of the Russia-Ukraine conflict, which is great,” said Brian Ortner, Nebraska and Iowa AAA spokesperson. “Back then, the national average jumped $0.60 per gallon during that time.”
Ortner said the national average jumped 48 cents since last Monday and noted that in 2022, prices eventually evened out.
“There’s hope that we will see that again,” Ortner said.
READ MORE: Map shows average gas price in each Nebraska county
Nebraska’s average gas price is $3.04, while Iowa sits at $3.17.
“Demand, supply and markets are the three contributing factors,” Ortner said, explaining the rise in prices.
Ortner said nice weather and spring break will impact prices through supply and demand.
Gas experts say drivers looking to save money at the pump could do so with memberships like Costco, saving anywhere from $0.05 to $0.25 per gallon. For those without a membership, apps like GasBuddy or Waze can help find the cheapest gas nearby.
READ MORE: ‘Not enough to trigger a recession’: Nebraska feels oil blowback from Iran-US conflict
For those planning a road trip, Ortner suggests cutting additional spending at the pump.
“Reduce your incidental costs at the gas station so you have the money for the fuel and more money when you arrive at your destination,” Ortner said.
Ortner said crude oil hit market prices at $110 per barrel Monday morning.
“Before lunchtime today, it’s dropped back below $100,” Ortner said. “But we’re sitting at $90 per barrel range, which has that impact directly at the pump.”
Ortner said maintaining a car can also help drivers save money.
“Having proper air pressure helps increase your gas mileage and your vehicle maintaining speeds on the roadways,” Ortner said.
Ortner also said OPEC provides a glimmer of hope with the promise of increasing oil supply, but added prices will depend on how long the conflict overseas lasts.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
