The pain remains at the gas pump in the Las Vegas Valley.
Even normal lower-priced options have seen hikes recently. On Monday morning, the price of a gallon of gas at the Summerlin Costco jumped to $4.759.
Nationally, a gallon of gas is $3.849, according to AAA.
Saudi Arabia’s decision to cut back how much oil it sends to global markets has pushed prices higher.
The world’s second-largest oil supplier has slashed production by 1 million barrels a day since July and decided this month to extend the cut through the end of the year.
Russia, Saudi Arabia’s ally in the OPEC+ oil producers’ coalition, also extended its own cut of 300,000 barrels a month through 2023.