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.
Personal Finance
Daniel Carlson was visiting Las Vegas from Houston and was shocked by the food prices that greeted him at an Albertsons grocery store on Rainbow Boulevard last week.
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Since late June, pump prices have continued to drop locally and nationally because of a decrease in demand and an increase in production.
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While things appeared to be moving in the right direction in April, May inflation spiked again; the consumer price index (CPI) rose 1.0% to a year-over-year high of 8.6%
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President Joe Biden on Wednesday will call on Congress to suspend federal gasoline and diesel taxes for three months — an election year move meant to ease financial pressures at the pump as the public is increasingly concerned about high gas prices and inflation.
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In Nevada and nationally, citizens saw a slight dip in gas prices — the first decrease since early May.