Nevada drivers are finally seeing a tiny crack in the wall of high gas prices, with the statewide average for a gallon of regular gasoline dipping 13 cents this week to $4.96. It is hardly a windfall, but it is a noticeable shift heading into the summer travel rush. Around the Las Vegas valley, averages are hovering near $4.97 per gallon, while Reno drivers are still paying more at about $5.19. The drop is not big enough to erase months of sticker shock, but it could trim a few bucks off those long hauls across the state.
According to News 3 Las Vegas, those city averages come from AAA’s latest look at pump prices. “Since May 21, the national average has dropped from $4.56 to $4.12 thanks to crude oil prices remaining below $100 per barrel,” Doug Johnson, spokesperson for AAA Mountain West Group, told the station.
Why Prices Are Easing
AAA reports that the national average has fallen for three straight weeks, even as Nevada holds onto its spot among the country’s pricier states at $4.96 per gallon. The group, citing Energy Information Administration data, notes that gasoline demand actually ticked up last week while domestic inventories and refinery output shifted. At the same time, crude oil futures recently settled near $90 a barrel. Put together, those market moves are giving some stations just enough breathing room to shave a bit off their posted prices.
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