Las Vegas gas price rise slows, but continues upward; nationwide prices dip a bit
LAS VEGAS (KSNV News3LV) —
An increase in Las Vegas gas prices that had been averaging about 3 cents a week slowed a bit last week.
Average retail gasoline prices rose 1.5 cents a gallon in the past week, averaging $2.61 a gallon on Sunday, according to GasBuddy's daily survey of 649 gas outlets in the valley.
The national average fell 0.3 cents per gallon in the last week to $2.29 a gallon, a drop that is unusual for this time of the year as the summer driving season and traditionally higher prices are on the horizon.
Including the change in gas prices in Las Vegas during the past week, prices Sunday were 29 cents a gallon higher than the same day one year ago and were 13.0 cents a gallon higher than a month ago.
The national average has increased 1.2 cents a gallon during the last month and stands 30.3 cents a gallon higher than this day one year ago.
Gas prices in Nevada were up 1.9 cents a gallon from last week's $2.64 to $2.66.
Prices in Southern California are just below $3.00 a gallon with the average in San Bernardino at $2.98 a gallon, down 1.1 cents a gallon from last week's $2.99. Riverside average prices are $2.99, down from last week's $3.00 a gallon.
"As oil prices have hit a bit of a rough patch in the last two weeks, gasoline prices have stumbled as well with a majority of states seeing a weekly pull back in retail prices," said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.
"While some states did see minor increases, the bulk of the country saw prices moving lower at a time of year that such a move is about as likely as a 16th seed team winning the NCAA tournament. While the drop at the pump is most welcome, we're nearly guaranteed to see prices rebound well in time for Memorial Day and the start of the summer driving season. For now, there's a major tug of war going on with oil prices -- a move higher or lower in the week ahead could determine the direction of prices the next few weeks or longer," DeHaan added.