Gas prices in Nevada continue to fall

State average for a gallon of unleaded is $3.54

LAS VEGAS - Motorists in the Silver State continue to experience lower gas prices and are now paying an average of $3.54 per gallon for unleaded regular, a decrease of 12 cents from a month ago.

With the exception of a 1-cent increase in Reno, all major metro area show decreases, according to the AAA Nevada monthly gas survey.

Las Vegas continues to hold the state's lowest pump price, in metro areas tracked by AAA, with drivers paying an average price of $3.42 per gallon of unleaded regular gas, down 18 cents from last month. Elko registers Nevada's highest price at $3.80 a gallon, an 11-cent decrease from last month's average price. A year ago to date, Nevada's average gas price was $3.81 per gallon of unleaded regular.

"Plentiful supplies, weaker demand, the anticipated change to cheaper winter-blend gasoline in mid-September and a relatively mild hurricane season are likely to lower gas prices through the fall," said Cynthia Harris, AAA Nevada spokesperson. "However, the possibility always remains that escalating violence in the Middle East, hurricanes or unexpected disruptions to supplies or distribution could send prices higher."

The national average price per gallon of regular gasoline is $3.56, the same price as last month's report. This price is 3 cents lower than a week ago and 26 cents lower than a year ago. The only states with prices over the $4 mark are Alaska and Hawaii.

Gasoline prices have held at a consistent mark of $3 and over per gallon. The last day the national average price was below the $3 mark was on Dec. 21, 2010.

Nationally, retail gasoline prices have stayed within a narrow 20-cent range since March. The highest average price of gas tracked by AAA in the nation is in Hawaii at $4.33 per gallon. The lowest price, at $3.33 per gallon, can be found in Mississippi and South Carolina.[[In-content Ad]]