Prices at Nevada pumps are heading upward, as the Silver State experiences a $0.09 cent increase in one month, with an average price of $3.89 for a gallon of unleaded regular gasoline. All metro area pump prices are moving forward with the highest increase in Henderson, registering $0.13 higher since AAA last fuel gauge report on June 10.
A survey of 13 gas stations in Winnemucca Wednesday morning found a low of $3.79 a gallon and a high of $3.99 a gallon. The average price of gas in town was $3.84, which is the same as June's average and 10 cents more than the July 2013 average.
In metro areas tracked by AAA, North Las Vegas is registering the state's lowest pump price, with drivers paying an average price of $3.83 per gallon for unleaded regular gas. Reno registers Nevada's highest price, at $4.01 a gallon. The highest price of gas ever recorded in Nevada was in June of 2008, at $4.27 per gallon of unleaded regular.
Hawaii has the highest average price, $4.36. California reports the highest average price, $4.14 in the contiguous states. South Carolina enjoys the lowest average price, $3.37.
Independence Day, with its large number of travelers, is often used as a mark in looking as gasoline prices. This year the national average, $3.66, was the highest it has been since 2009, but it was well below the all-time high for the date of $4.10 in 2008.
"While Nevada motorists know the pump price typically rises with the thermometer, the current price is reflects almost a ten cent increase in one month, "said Cynthia Harris, AAA Nevada spokesperson. "But as there are no dire consequences to oil exports at the present time, and with ample crude oil supplies nationwide, fuel expenditures could start to show a stabilizing trend."
On a national level, domestic oil production continues to increase and there has been a relatively trouble-free season of production and distribution. Oil is a global commodity and the violence in Iraq continues to catch the attention of market watchers. Production in the south of Iraq remains unaffected, which has calmed fears of a disruption in the supply and somewhat lessened the upward pressure on oil prices. As oil prices ease, coupled with lower wholesale gasoline prices in the US, some relief should be felt at the pump. At the close of formal trading yesterday, West Texas Intermediate crude oil settled $0.53 lower at $103.53.[[In-content Ad]]
