LAS VEGAS (FOX5) -
Gas prices in Las Vegas continued a steady drop Monday, falling one cent a gallon from the week before.
AAA's Daily Fuel Gauge Report showed regular unleaded at an average of $3.88 a gallon on Monday.
The price was 15 cents lower than the month before and nearly 10 cents lower than the year before.
The drop was also in line with a national decline, with regular unleaded also dropping a cent from the week before on Monday.
Despite the steady decline seen in recent weeks, gas prices have not seen a significant drop, one analyst noted.
"I'd probably sound like a broken record at this point if I were to tell folks that crude prices breached and fell under $100 late last week. I'm sure I'll be flooded with motorists asking why gasoline prices haven't fallen yet," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.
"Either way, it's great news for motorists- but some hot spots may burn motorists before they see any sizable relief. When I mention hot spots, I'm thinking of the West Coast- where supply has dropped considerably, causing tightness and perhaps higher prices. The rest of the country, however, should see short term relief continue ahead of Memorial Day, easing unfounded fears of the national average hitting $5 a gallon, or even $4 a gallon."
FOX5 has set up a page on the latest gas pricing news across the country. You can access that page at here.
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