Gas prices rise in Nevada

Average retail gasoline prices in Nevada have risen 5.5 cents per gallon in the past week, averaging $2.89 a gallon on Monday, according to GasBuddy’s daily survey of 1,130 gas outlets in Nevada.

This compares with the national average that has fallen 0.6 cents per gallon in the last week to $2.36 a gallon, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Nevada during the past week, prices yesterday were 39.3 cents per gallon higher than the same day one year ago and are 18.3 cents per gallon higher than a month ago. The national average has decreased 1.9 cents per gallon during the last month and stands 3.5 cents per gallon higher than this day one year ago.

According to GasBuddy historical data, gasoline prices on May 30 in Nevada have ranged widely over the last five years:

$2.50 a gallon in 2016, $3.30 a gallon in 2015, $3.78 a gallon in 2014, $3.58 a gallon in 2013 and $3.92 a gallon in 2012.

“With the summer driving season officially started, gasoline prices stand just a few cents higher than where they started last summer, an impressive feat,” said Patrick DeHaan, senior petroleum analyst for GasBuddy.com. “With the national average now seeing minor decline and roughly at the same point it was a week ago, summer gas prices are shaping up to be quite a bit lower than previous expectations and similar to what we saw last summer. This sets up a great summer season to hit the road, pointing to rising U.S. oil production in the midst of oil production cuts from OPEC for the stable prices.”