Gas Prices Dropping

For the third month in a row, Nevada motorists enjoyed a double-digit drop in prices at the gas pumps this month but the cost already has started to rebound as next week's Thanksgiving holiday approaches.

"In the past week, gas prices have started to inch upward," said Michael Geeser, spokesman for AAA Nevada in Las Vegas.

"It's unclear why, since everything appears to signal prices dropping at the pump. We're still paying less today than we were a month ago," he said Tuesday.

The statewide average for a gallon of unleaded regular gas fell 15 cents from the Oct. 10 survey to $2.49. That's about half the 32-cent decline that was recorded over the previous month.

In Las Vegas, the average fell 14 cents to $2.40 for a gallon of regular unleaded. In Reno, it dropped 12 cents to $2.60 and in Sparks, the drop was 9 cents to $2.61.

The biggest decline was in Elko, down 22 cents to $2.63. Carson City's average fell 13 cents to $2.49.

The national average for a gallon of unleaded is now $2.23, down 3 cents from last month's survey and down 6 cents from a year ago.

AAA said it anticipates prices should remain near current levels for the near future, citing a lack of cold weather nationwide and strong inventories among OPEC nations.

"At this point, it appears as if current prices do not have a strong foundation for further increases other than the seasonal upturn in demand seen around the Thanksgiving holiday travel period," Geeser said.