Video Update: Metro Gas Prices Continue To Fall

By: WOWT Email
By: WOWT Email

Gas prices continue to fall in Omaha and across the country. Which is good news for drivers and car dealers selling trucks and SUV's.

Rick Menicucci, General Sales Manager with Baxter Chrysler Jeep Dodge in Omaha, says, "Probably in the last three months, people are really starting to get back to that need for SUV's, trucks."

Menicucci says many auto buyers are going back to larger vehicles because they are getting used to gas prices being over three dollars.

Average retail gasoline prices in Omaha have fallen 22.0 cents per gallon in the past week, averaging $3.51 per gallon yesterday. This compares with the national average that has fallen 9.0 cents per gallon in the last week to $3.67/g, according to gasoline price website

Including the change in gas prices in Omaha during the past week, prices Sunday were7.4 cents per gallon higher than the same day one year ago and are 30.2 cents per gallon lower than a month ago. The national average has decreased 14.2 cents per gallon during
the last month and stands 20.1 cents per gallon higher than this day one year ago.

"Only one other time in the last few years have we seen the national average drop so significantly in the course of just a week, and that other time was in May 2011," said Senior Petroleum Analyst Patrick DeHaan. "Looking back at our data, we only see that prices dropped considerably more in autumn 2008 when the economy slipped into a recession. Given the circumstances with this latest weekly decrease that it has nothing to do with recession is
significant," DeHaan said.

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