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Cheaper Gas! How Much Longer?

LAS VEGAS (KXNT/AP) — Nevadans are seeing big relief at the gas pumps, with prices falling an average 10-15 cents over the past month.

AAA Nevada says the average statewide cost for a gallon of regular unleaded is $3.35, down 34 cents from this time last year.  Another gas price monitor, Gasbuddy.com, tells KXNT it calculates the average price in the Las Vegas area as $3.25.

Industry analysts on Tuesday credited a light hurricane season, less consumer demand and completion of winter blend conversion for the price declines.

The average price nationally fell to $3.18.

Elko has the highest gas prices in Nevada, averaging $3.65 per gallon. The cheapest gas at $3.26 is in southern Nevada.

In northern Nevada the average price has dropped 20 cents over the past month to around $3.54.

AAA says it expects the downward price trend to continue to the end of the year, barring any unforeseen events. Gasbuddy.com predicts Las Vegas gas prices will hit their lowest point in early-to-mid December. 

 

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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