(Las Vegas, NV) — Drivers around Las Vegas may be surprised when they have to fill up at the pump.
Gas prices have declined about 20 cents over the last month. Las Vegas gas prices are as low as 3.50 per gallon at the ARCO at S. Decatur and W Sunset.
Americans barely increased their spending at retail businesses this spring, leading economists to predict slower economic growth in the April-June quarter.
If gas prices stay low, Americans are likely to spend more freely this summer on other goods, from autos and furniture to electronics and vacations, that fuel economic growth. Gasoline purchases tend to provide less benefit for the U.S. economy because some of the money goes to oil-exporting nations
Retail spending has declined by 0.2 percent in both April and May and the demand for gas has dropped as well, leading to lower prices.
The average price in Nevada is $3.73 per gallon, 7th highest in the country.
For a look at gas prices across Nevada click here www.nevadagasprices.com