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May 23, 2015

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Gas prices in valley jump 38 cents a gallon since last month, AAA reports

The average price for a gallon of gas in Nevada has skyrocketed to $3.54, up 38 cents from a month ago, according to the latest AAA Nevada monthly gas survey.

In fact, the average price for Nevada's regular unleaded gasoline saw the biggest increase in the nation this past week, jumping 18 cents.

Among major metropolitan cities, Las Vegas' gas price increase was among the highest in the nation, surpassed only by Phoenix (51-cent increase) and Los Angeles (50-cent increase).

AAA attributed the price increases to several issues.

“Dramatic increases like those experienced since mid-January typically result from escalating geopolitical tensions or extreme weather disturbances,” Cynthia Harris, AAA Nevada spokesperson, said in a statement. “The recent increases can be attributed to more expensive crude oil and, more notably, to regional refinery issues plus the approaching switchover to summer-blend gasoline.”

The highest average gas price in Nevada was in Sparks, at $3.74 per gallon. Reno came in second at $3.72, and North Las Vegas rounded out the top three with $3.43.

Nationally, the average gas price is $3.60 per gallon, an increase of 8 cents from a year ago and the highest on record for this calendar day.

Hawaii had the highest average gas price in the country at $4.24 per gallon. Wyoming had the lowest average price at $3.07.

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