The Sparks-Reno area experienced a 16-cent decrease per gallon in price from one month ago Tuesday, registering a $3.59 per gallon average price for regular gasoline. One year ago the price was about $3.84, according to AAA Insurance spokesperson Cynthia Harris.
“We have gas prices going down across the nation,” Harris said. “Refineries have moved to a winter blend, which is generally cheaper than the summer blend, and we have not had any storms around the nation or in our region to cause an interruption.”
GasBuddy.com said Tuesday the Nevada average fell 3.7 cents per gallon in the past week and hovered around $3.38 per gallon after a survey of more than 1,100 gas outlets in the state. GasBuddy said the national average fell 3.3 cents per gallon in the past week to $3.26 per gallon.
Although Nevada fuel prices are higher in the north rather than the south, Harris said there is every reason to believe that the trend will continue in the region, state and nation through the end of the year.
“We are seeing a trend that will likely continue throughout November and through the end of the year,” Harris said. “Our analyst team expects the national average to be about $3.10 (per gallon) by the end of the year.”
Harris said unexpected issues, whether regional or national, can easily change prices throughout the nation, such as refinery shutdowns or emergencies. Despite the threat of sudden disturbance, Harris said crude oil was about $94 per barrel Monday after spending 15 consecutive weeks at $100 or more.
"The downward movement in national gasoline prices has continued for yet another week, thanks to a fall in commodity prices," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "Oil prices continue to shed value, leading the way to lower gasoline prices. Five states - all in the nation's midsection - are now seeing their average prices under $3/gallon: Missouri, Oklahoma, Arkansas, Texas, and Kansas, and motorists in those states certainly have a "there's no place like home" advantage."
The national average has decreased 12.8 cents per gallon during the last month and stands 24.2 cents per gallon lower than Tuesday one year ago, according to GasBuddy.
The lowest price for regular fuel Tuesday in Sparks was Costco at $3.44 and the highest was Shell on Lincoln Way at $3.79. According to a Nevada map segmented by county on GasBuddy.com, Mineral County was the only portion of Nevada with more than $3.99 per gallon rates. Elko, White Pine and Washoe counties ranged between $3.50 and $3.80. Central and southern Nevada all registered with prices as high as $3.50 and as low as $3.27.
“It is hard to speculate beyond the end of the year, but with the situation that is happening around the world there is no reason to assume gas prices will be going up, barring an emergency,” Harris said. “Northern Nevadans will be able to look forward to these types of prices, and better, as we move forward.”