Gas prices have fallen below $2 a gallon at at least three stations in Lincoln, the first time that has happened in more than a year.
According to price-comparison website GasBuddy, Costco and the Sam's Club location near 84th Street and Nebraska 2 were both selling gas for $1.95 a gallon as of Thursday morning, while the Sam's Club at 27th and Superior streets was selling gas for $1.99 a gallon. Those prices are only available to members of Costco and Sam's.
Gas prices in many other cities are much lower. For example, more than a dozen stations in Omaha have gas for less than $1.90 a gallon, according to GasBuddy.
Elsewhere in Lincoln, however, prices remained stubbornly high. According to GasBuddy, the lowest price at other stations was $2.15 a gallon as of Thursday morning.
According to AAA, the average gas price statewide was $2.12 a gallon, down 13 cents from a week ago and 20 cents from a month ago. The national average was $2.20 a gallon, down 2 cents since yesterday, 13 cents from a week ago and 25 cents from a month ago.
However, in Lincoln, the average price was $2.30 a gallon, actually up a penny from Wednesday, and only down 6 cents from a week ago and 3 cents from a month ago.
The last time Lincoln stations were selling gas for less than $2 a gallon was in early January of last year.
A combination of reduced demand because of the coronavirus outbreak and oil prices that are near 20-year lows has helped to lower the price of gas.
AAA said earlier this week that it expects gas prices to continue to fall, with a high likelihood of the national average dropping below $2 before the end of March.
Reach the writer at 402-473-2647 or email@example.com.
On Twitter @LincolnBizBuzz.
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