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.
Personal Finance
With gas prices nearing the $5 per gallon mark over the weekend, the jump over the last month of more than $1 a gallon can be a hit on motorists’ wallets.
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.
Thanks to steep cost increases, consumers are paying high prices for the beloved snack staple, chicken wings.
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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?
Home prices in the U.S. have been rising at their fastest rate in decades, and there’s every reason to believe prices will continue pushing higher in the months to come.
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New all-time highs for gasoline prices led to long lines for wholesale gas and surprised drivers filling up elsewhere. “You just gotta grin and bear it,” Las Vegan Keaton Johns said.
Some think the impact of gasoline price spikes will be short-lived; others are wary that increases could drift into airfares and visitors will spend less while here.
As of Monday, the average cost of regular unleaded gas in Las Vegas was $4.60 per gallon, setting a new record. Gas prices in the Las Vegas Valley have jumped 60 cents in the past week.
Gas prices hit an all-time high in Las Vegas on Friday after a 17-cent price spike overnight, according to AAA data.
Food prices that are already at their highest point in more than a decade are set to push even higher amid a global shortage of fertilizer that has worsened since Russia invaded Ukraine.
The average price of regular unleaded gasoline in Las Vegas surpassed the $4 per gallon mark over the weekend.
A proposal sought by Democratic U.S. senators — including Nevada’s Catherine Cortez Masto and Jacky Rosen — to reduce federal gas taxes won’t bring relief for Nevada residents.