Nevada’s retail gas price falls

Average retail gasoline prices in Nevada have fallen 0.9 cents per gallon in the past week, averaging $3.69 per gallon Monday, according to GasBuddy’s daily survey of 1,130 gas outlets in Nevada.

This compares with the national average that has fallen 1 cent per gallon in the last week to $3.63 per gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Nevada during the past week, prices yesterday were 22.7 cents per gallon higher than the same day one year ago and are 5.7 cents per gallon higher than a month ago. The national average has increased 14.4 cents per gallon during the last month and stands 3.3 cents per gallon higher than this day one year ago.

“Over the last week, the national average has continued to see a ever so slow downward trend,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. “But the downward trend got a shot in the arm last weekend, as we saw the biggest daily drop since April; from July 25 to July 26, the average dropped 1.5 cents. On April 13, the U.S. average dropped 1.7 cents from the previous day. Further illustrating the downward trend, 5 percent of the country was over $4 per gallon on Friday. Last week, 7 percent of the country was over $4 per gallon,” DeHaan said.

GasBuddy operates NevadaGasPrices.com and more than 250 similar websites that track gasoline prices at more than 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.