76°F
weather icon Clear

How Las Vegas gas prices have changed over the last week

Updated February 27, 2023 - 3:44 pm

Gas prices declined in cities across the country over the last week as inflation rates remain stubbornly high and the price of oil has declined.

A gallon of regular gas was $3.37 on average Monday, February 27, according to AAA. Stacker compiled statistics on gas prices in Las Vegas (NV only) metro area using data from AAA. Gas prices are current as of February 27. State gas tax data is from World Population Review.

The general public could pull back on gasoline spending as the Federal Reserve is expected to ratchet interest rates upward further in an effort to cool inflation. That’s even as gas prices typically rise heading into Spring Break and the summer months.

“For the weeks ahead, tradition tells us to expect prices to move up eventually, but that could be at least be partially offset by inflationary data that continues to be hotter than expected,” GasBuddy analyst Patrick De Haan said in a statement Monday.

Las Vegas by the numbers

- Gas current price: $4.29

—- Nevada average: $4.24

—- Nevada gas tax: $0.24 per gallon (#36 highest among all states)

- Week change: +$0.05 (+1.1%)

- Year change: +$0.28 (+7.1%)

- Historical expensive gas price: $5.61 (6/16/22)

- Diesel current price: $4.77

- Week change: -$0.02 (-0.3%)

- Year change: +$0.67 (+16.2%)

- Historical expensive diesel price: $6.03 (6/18/22)

Metros with the most expensive gas

#1. Lihue (Kauai), HI: $5.30

#2. San Luis Obispo-Atascadero-Paso Robles, CA: $5.04

#3. Napa, CA: $4.97

Metros with the least expensive gas

#1. McAllen-Edinburg-Mission, TX: $2.77

#2. Corpus Christi, TX: $2.82

#3. Brownsville-Harlingen, TX: $2.83

States with the highest gas tax per gallon

#1. Pennsylvania: $0.59

#2. California: $0.53

#3. Washington: $0.52

States with the lowest gas tax per gallon

#1. Alaska: $0.0895

#2. Hawaii: $0.16

#3. Virginia: $0.162

THE LATEST
Why are mortgage rates so high right now?

A local mortgage broker explains the rates and the misinformation surrounding how they are set and what impacts them

Higher gas and rents keep US inflation elevated

The latest figures on consumer prices threaten to torpedo the prospect of multiple interest rate cuts from the Federal Reserve this year.

Stocks hit record highs after Fed forecasts interest rate cuts

The Nasdaq, S&P 500 and Dow Jones industrial average all rose after the Federal Reserve indicated it expects to issue three interest rate cuts in 2024.

Gas prices on the rise with seasonal switch

Gasoline prices are rising in line with the seasonal switchover to summer blend fuels this week, with the national average for a gallon of gas up about 7 cents.

 
Southwest Gas users to get a discount on April bills

Southwest Gas says it will continue to decrease its fuel cost rates, but it doesn’t mean all rates in a customer’s bill will decrease in 2024.