Omahans are getting relief at the pump, with gas prices dropping below $3 per gallon on Tuesday.
At least 35 gas stations in Omaha offered low or mid-grade gas at 2.99 per gallon on Tuesday, according to GasBuddy.com.
Gas prices have been noticeably dropping this month in Omaha. Gas prices are at the lowest level in 52 weeks, said Rose White, a spokesperson for AAA Nebraska. The downward price trend is not exclusive to Omaha, but is occurring across the nation, she said.
Declining gas prices are a result of U.S. unleaded fuel inventories being up about 11 percent compared to a year ago, she said. The U.S. producing significantly larger amounts of oil, a quiet hurricane season and no major refinery issues have all contributed to larger inventories, White said.
“As long as inventory levels remain high, we can expect competitive prices,” White said.
The cost decrease in Omaha could also be partially attributed to a change in the kind of gas available in the area, White said.
Regular unleaded gasoline was replaced by an ethanol-blended 87 octane gas in October. The new low-grade fuel was expected to cost less, White said last month.
The average price of a gallon of gas in Omaha was $3.14 on Tuesday, according to AAA. Statewide, the average price was $3.35 for regular gas and $3.30 for mid-grade.
Gas averaged $3.21 per gallon a week ago, and $3.51 a month ago in Omaha. A year ago, Omahans paid $3.59 per gallon of mid-grade gas.