Las Vegas Sun

September 22, 2014

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Gas prices inching up after 4 months of declines

After four months of declines, gas prices in Nevada are on the way back up, but only slightly.

The average price for a gallon of regular gas in the Silver State is $3.42, a 2-cent increase over last month’s average, according to AAA.

The average price in Las Vegas is $3.40, up 3 cents from last month. The average is $3.38 in North Las Vegas, a 2-cent increase, and $3.42 in Henderson, a 4-cent increase.

Prices in Nevada are 31 cents higher than the same time last year, but they are still well below May’s prices, when the average was $3.94 per gallon, the auto club said.

Nevada is tied with Kentucky and North Carolina for the 13th highest average in the nation.

The national average is $3.37, up 10 cents from last month.

“The recent jumps at the pump are largely driven by investors’ buying behavior, which is linked to real, perceived or potential impacts on supply and demand worldwide,” AAA spokesman Matt Skryja said in a statement. “Recent tensions between Iran and the U.S. in the Persian Gulf sparked concerns about possible restrictions on oil tankers traveling through the Strait of Hormuz. Fears over this potential impact to supply helped push the price upwards.”

Luckily for Las Vegans, the price jump here hasn’t been as large as some other nearby cities. Los Angeles had a 14-cent increase this month and Phoenix saw prices rise 12 cents.

Prices in Reno and Sparks rose 4 cents, to $3.49 in Reno and $3.52 in Sparks, and prices rose 6 cents in Carson City, up to a $3.42 average.

Elko, which often has the highest gas prices in the state, saw its prices drop 26 cents, to an average of $3.17.

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  1. You might be correct tommyguns, (I can tell that you are "right"), but then maybe the oil companies would just take the oil, refine it, then export it in order to keep the price high here in America. That's what they are doing now.

    http://news.yahoo.com/first-gas-other-fu...

  2. Yes, it is a basic part of our RINO/DINO foreign policy that the international supply is regulated to ensure that major countries have adequate oil at a price they can afford. Meanwhile, I predict the price will go down again for the elections. In context there will probably be some mixed policy stunt to show how the incumbent RINO/DINOs in Congress and the DINO/RINO in the White House are on top of the problem.

    All bets are off if the Straits of Hormuz are blocked in some way. We might then see our usual Asian foreign sales from the north slope being increased and re-branded and publicized. You might even see the President quickly approving here-to-fore denied drilling and a Canadian pipeline to "meet the emergency." October is coming folks...remember that.