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The national average price for a gallon of gasoline dropped about 6 cents over the last week as lower demand and cheaper oil prices have driven travel costs to their lowest levels since 2021.
For the first time in almost 10 months, the average price for regular unleaded fuel in the Las Vegas Valley dipped below $4 per gallon.
Regular gasoline prices in Las Vegas reached an average of $5.52 a gallon this week, more than 40 cents higher than the average price one week ago.
Las Vegas gas prices have hit record highs each day this week. Nevada’s statewide average is at $5.64 per gallon Saturday, also a record high.
Tuesday’s average price in Las Vegas is 3 cents above Monday’s price, 21 cents above last week’s price and 31 cents higher than a month ago, according to AAA data.
The cost of a gallon of regular unleaded gasoline in Las Vegas is up three cents from Friday and 17 cents in the past week.
The average cost of a gallon of regular unleaded fuel in the Las Vegas Valley Wednesday was $5.04 per gallon and $5 in Nevada.
In the past month, prices for regular unleaded gasoline in Las Vegas have jumped $1.06 per gallon and have surpassed the previous all-time high that stood since 2008.
Nevada’s statewide average gas price set an all-time high Wednesday at $4.77 a gallon. So why have prices risen so quickly? And why does Nevada have some of the highest prices in the nation?