LAS VEGAS (FOX5) — The average price for a gallon of regular gasoline in Nevada dropped 2 cents last week to $4.76, according to AAA’s weekly fuel report.
The national average, meanwhile, reversed course and rose to $4.07 after briefly dipping to $4.00 on Monday. Crude oil prices have returned to the $80 per barrel range amid continued uncertainty along the Strait of Hormuz.
“While gasoline demand is down, crude oil prices are keeping pump prices higher than normal for this time of year,” said Doug Johnson, spokesperson for AAA Mountain West Group. “So far, this is the highest August on record when it comes to the national gasoline average.”
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Nevada pump prices by city
- Las Vegas: $4.76
- Reno: $5.04
According to new data from the Energy Information Administration (EIA), gasoline demand decreased last week from 9.03 million barrels per day to 8.96 million. Total domestic gasoline supply fell from 209.7 million barrels to 208.7 million. Gasoline production also decreased, averaging 9.6 million barrels per day.
At the close of Wednesday’s formal trading session, WTI crude rose 7 cents to settle at $83.27 a barrel. The EIA reported that crude oil inventories increased by 17.4 million barrels from the previous week. At 424.4 million barrels, U.S. crude oil inventories are about 2% below the five-year average for this time of year.
The national average per kilowatt hour of electricity at a public EV charging station held steady last week at 42 cents. In Nevada, the average per kilowatt hour is 43 cents.
The nation’s 5 most expensive gasoline markets are California ($5.58), Hawaii ($5.43), Washington ($5.16), Alaska ($4.83), and Nevada ($4.76). The nation’s 5 least expensive gasoline markets are Louisiana ($3.57), Indiana ($3.59), Mississippi ($3.60), Alabama ($3.61), and Texas ($3.63).
Drivers can find current gas and EV charging prices along their route using the AAA Mobile App or at GasPrices.AAA.com.
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