Price of gasoline dropping in Nevada, AAA notes
Gasoline prices are falling in Nevada after swinging sharply in recent months, AAA Nevada said Tuesday.
Every metro area in the state saw a decrease of at least 17 cents over the past month, according to the latest report from AAA Nevada, which tracks gasoline prices.
The average price in Nevada for regular unleaded gasoline is $3.68 a gallon, a decrease of 25 cents from AAA's last price on Oct. 9. Last year the average price in Nevada was $3.59 a gallon, 9 cents lower than the current average price, AAA said in a statement.
The highest gasoline price of the Nevada metro areas tracked by AAA is in Sparks, where the average price is $3.75 for regular unleaded gasoline.
North Las Vegas has the Silver State's lowest pump price found in metro areas tracked by AAA.
Drivers there are paying an average price of $3.64.
"Lower crude oil prices, the seasonal switch from summer to winter blend, and reduced demand have added to the recent downward pressure on retail gasoline prices," AAA Nevada spokeswoman Cynthia Harris said in a statement.
"With continued signs of global economic weakness and a somewhat stronger U.S. dollar, crude oil prices should continue to move lower," she said.
AAA predicts that the national average price will be $3.25 to $3.40 by Thanksgiving and $3.10 to $3.30 by the end of the year.
The national average price dropped 38 cents from last month's AAA report to $3.44 a gallon.
This price is the same as the price Monday, 2 cents lower than a week ago and only 2 cents higher than a year ago.
Hawaii has the highest average price at $4.19, and New York has the highest for the 48 contiguous states at $3.99.
Drivers in Missouri enjoy the lowest average price, $3.10 a gallon.
