Las Vegas Sun

November 21, 2014

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Nevada gas prices drop 11 cents in a month

Gas prices in Nevada fell over the past month, with the average price of a gallon of regular gas now at $3.60 in the state, according to AAA.

Today’s average price is 11 cents lower than the price from last month’s report, but is still up 72 cents from this time last year, the auto club said.

The Silver State now has the ninth-highest average price in the continental United States.

Prices fell nationally even more, with the country’s average price now at $3.40, a 24-cent decrease from last month but up 59 cents from a year ago.

Fuel prices in Southern Nevada remain slightly lower than in the northern part of the state.

The average price in Las Vegas is $3.54, a 12-cent decrease from last month; in North Las Vegas the average is $3.56, a 10-cent drop; and in Henderson it’s $3.57, an 11-cent decrease.

The average price fell 13 cents this month in Reno, where it is now $3.68, and Sparks, now at $3.70. Carson City’s average price is $3.55, a 17-cent drop, and Elko’s average is $3.82, a 3-cent decrease.

AAA said the price decreases might be slowing as demand increases.

“Increased demand for gasoline and oil has helped to stall out recent price drops at the pump,” said AAA spokesman Matt Skryja. “In addition to demand, positive jobs numbers in the U.S., optimism about correcting debt issues in Europe, and a weaker U.S. dollar have all helped to bring a slow halt to dropping prices. As economies do better, or appear to do better, that typically drives up oil and gas prices as investors buy more of these commodities in anticipation of increasing demand.”

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  1. Something doesn't add up: The price of oil is down a full 20 percent, but gas goes down only nine percent. Who is keeping the extra profit margin? There is $2.99 gas today in many other states...why not here?

  2. as Jeff points out something is not adding up --- well beyond the Koch Brothers, et al putting selves before country.

    http://tinyurl.com/3ta5qyd

    but whatever it takes to rid us of Obama, right?

    when will the people get representation again?

  3. When gas was over $4 a gallon, that was because of Wall St speculators and there was no reason for it to have gotten that high. It is going down now, but not at the rate that it should have been going down. If we saw gas under $3 a gal here in Illinois, we'd be dancing in the street!!! Even our neighbor to the west, Iowa, the prices haven't gotten that low yet. Gas in the Chicago area is lower then it is out where I live and the gas is formulated differently for the Chicago area - ie usually costs a lot more than the average.

    And Jeff: As far as who is keeping that profit margin - you can't figure it out?