Gas price outlook in 2014 optimistic despite hike this week

Gas prices below $3 a gallon may be a thing of the past as GasBuddy. com says average retail gasoline prices in Nebraska have risen 8.7 cents per gallon in the past week, averaging $3.04/g Sunday.

Including the change in gas prices in Nebraska during the past week, prices Sunday were 13.9 cents per gallon lower than the same day one year ago and are 0.9 cents per gallon lower than a month ago. T

"Motorists hitting the road for Christmas travel are cringing as gasoline prices have picked up with the best now behind us," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While prices will advance, I don't expect it to last too long- January and February generally also feature relatively low gasoline prices."

Dehaan also said, "While motorists aren't looking forward to the higher prices, they may take some solace in our expectation that gasoline prices in 2014 should average lower than they will after 2013 is complete.

DeHaan added, "Make no mistake- gas prices will see volatility, and there will be times when motorists will experience "motion sickness" at the pump, but that shouldn't discount that Americans will be able to spend less on a yearly basis in 2014 than they did this year,".

© 2014 Rural Radio Network. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information