46°F
weather icon Clear

Nevada, Las Vegas gas prices edging down

Lower winter blend prices and refineries back in action in Southern California are easing Nevada and Las Vegas gas prices a bit.

The average price for a gallon of regular in Nevada was $4.891 on Monday, down about 20 cents from last week’s average of $5.103, but still well ahead of the $4.582 average a month ago, according to gasbuddy.com.

“Nevada is finally seeing that seasonal dip in prices,” AAA spokesman John Treanor said in an email Monday. “California has seen a near $.20 drop since last week. This is likely a sign that maintenance on California oil refineries is beginning to end, bringing those refineries back online.”

The cheapest gas prices in Las Vegas on Monday were $4.29 a gallon while the least expensive gas in the state was around $3.86 a gallon in the Wells, Wendover area.

The average price nationally on Monday was $3.704.

Some fuel experts have said the U.S. average may decline to around $3.30 a gallon in the weeks ahead as the price of crude oil declines from around $94 a barrel about a month ago.

Las Vegas prices have stayed around $4.50 a gallon and above all summer.

“As for how low we go?,” Treanor said. “I can’t answer that without my crystal ball.”

Contact Marvin Clemons at mclemons@reviewjournal.com.

THE LATEST
Here are the largest banks in Clark County

Every penny counts for Clark County residents and these banks are the most trusted by Southern Nevadans, according to the FDIC.

Should Las Vegans start worrying about a recession?

Recession fears are on the rise in the U.S., but local economic analysts say Las Vegas residents shouldn’t be ringing any alarm bells just yet.

 
Where do the richest people in Las Vegas live?

A new report from Colliers says a new community has emerged as the top income earning spot in the Las Vegas Valley.