Suppliers Drop Gas Price As Supply Skyrockets; Nevada Above National Average

By: AP/Staff Email
By: AP/Staff Email
Nevada

fill up fuel at gas station

CAMARILLO, Calif. (AP) - A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58.

That's the largest drop this year.

Reno's average is $3.78 per gallon, thanks in part to a voter-approved price hike, according to gasbuddy.com.

Nevada's gas prices are stable at an average just over $3.80 per gallon.

Higher prices in places like Yerington, Ely and other areas of Nevada are driving up the average price, despite the overall drop in recent weeks.

The least expensive places to find gas in northern Nevada are Fernley ($3.59) and Carson City ($3.64).

Washoe County voters approved an increase twice within a decade.

The current national average is $3.51 per gallon.

Industry analyst Trilby Lundberg said Sunday the decrease came despite a rise in crude-oil prices.

Lundberg says U.S. refiners, enjoying plentiful supplies, aggressively cut wholesale prices to chase sales.

Midgrade averages were $3.78, and premium averages were $3.93.

The U.S. average retail diesel price is down 4 cents per gallon, to $3.90.

The lowest average price Lundberg found in the lower 48 states was $3.23 in Tulsa, Oklahoma. The highest was $4.03 in San Francisco.

The lowest average price in California was $3.86 in Sacramento.


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