Pump prices down in state in time for holiday travel

Nevadans are gearing up to drive more and pay less for gasoline this holiday season, with significant savings as prices continue to fall, according to the latest AAA Fuel Gauge Report.

Pump prices are down 19 cents across the Silver State with the average price of unleaded regular at $2.51 per gallon, the group said Tuesday in a statement.

Both Las Vegas and North Las Vegas are averaging $2.53 per gallon, down 23 cents according to the trade group. Henderson was a shade higher at $2.55, but also down 23 cents.

In all Nevada metro areas tracked by AAA, Reno is registering the state’s highest pump price, with drivers paying an average price of $2.56 per gallon for unleaded regular gas. Carson City is registering Nevada’s lowest price, at $2.22 a gallon.

“During the winter, demand for gasoline typically declines, and pump prices tend to move lower as a result,” Cynthia Harris, AAA Nevada spokeswoman, said in the statement. “This, combined with ample crude oil production and increasing gasoline inventories are likely to keep gasoline prices relatively low. Barring any unforeseen shifts in the oil market, prices are likely to continue to decline leading into 2016.”

The national average price is $2.03 and is predicted to soon fall below the $2 per gallon mark before the end of the year for the first time since 2009. Pump prices have fallen for 29 of the past 31 days. — Las Vegas Review-Journal