Omaha Public Radio News
Wed March 2, 2011
Gas prices are on the rise well in advance of the summer travel season
By Cheril Lee
Omaha, NE – Creighton University assistant professor of economics Dr. John Deskins says political unrest in the Middle East is driving up gas prices across the country.
He says uncertainty regarding the future of crude oil supplies is driving up the prices of oil futures and that translates into higher gas prices. Dr. Deskins says the regular price of gas has gone up several cents already and he thinks the increases will likely continue, especially as summer approaches, "it's always the case that when summer gets here, people drive more, if they go on vacation, etcetera. That's another factor that drives up oil prices. So there's a lot of uncertainty in regards to the Middle East supply issue. But we know for certain that prices will be going up with summer travel, when that gets underway."
According to AAA's daily fuel gauge report, the average price for a gallon of regular gas in Nebraska is $3.41.