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Have gas prices already peaked for the summer?

Gas prices are falling for the first time in weeks as demand at the pump decreases.

Analysts have observed that the price of gas may have reached a peak for the summer season. The national average for a gallon of gasoline this week sits nearly a full dollar below the average price a year ago as motorists were rattled by the Russian invasion of Ukraine and its impact on oil prices.

“While it’s possible we could go higher later this summer should a major hurricane target sensitive infrastructure, it appears the odds that the national average will miss the $4 per gallon mark are rising,” GasBuddy analyst Patrick De Haan said in a statement.

A gallon of gas was $3.63 on average, according to AAA gas price data. Stacker compiled statistics on gas prices in Nevada. Gas prices are as of April 28.

Nevada by the numbers

– Current gas price: $4.27

– 1-week change: -$0.01 (-0.4%)

– 1-year change: -$0.80 (-15.9%)

– Record average gas price: $5.67 (6/16/22)

– Current diesel price: $4.48

– 1-week change: -$0.00 (-0.0%)

– 1-year change: -$0.86 (-16.1%)

– Record high average diesel price: $6.04 (6/18/22)

States with the most expensive gas

#1. California: $4.88

#2. Hawaii: $4.78

#3. Arizona: $4.70

States with the least expensive gas

#1. Mississippi: $3.11

#2. Arkansas: $3.21

#3. Texas: $3.21

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