Tuesday, Sept. 23, 2008 | 7:19 a.m.
A day after oil prices recorded their biggest one-day gain ever, the price at the pump is headed in the opposite direction.
Las Vegas continues to have some of the cheapest gas in the country, according to a daily report this morning from auto club AAA. The average price of a gallon of regular unleaded gasoline today in the valley is $3.543.
The national average is $3.726 a gallon, which is down from Monday and about 39 cents below the record high set on June 17.
The price of oil briefly spiked more than $25 a barrel Monday, shattering the one-day record as unease about the government's $700 billion bailout plan pummeled the dollar and prompted investors to buy safe-haven assets. Light, sweet crude for October delivery settled Monday at $120.92, up $16.37.
Crude oil prices are within striking distance of their all-time record of $147.27, reached in July.
The average price of a gallon of gas in Nevada today is $3.591. Only 11 states have a lower average price -- the lowest being New Jersey at $3.447.
Gas prices in Las Vegas are down almost 73 cents from the record set on June 20. A month ago the average price per gallon was $3.744 in Las Vegas; a year ago it was $2.741.
The Associated Press contributed to this story.
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