After weeks of drops, gas price rise due, analysts say - FOX5 Vegas - KVVU

After weeks of drops, gas price rise due, analysts say

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LAS VEGAS (FOX5) -

Gas prices continued to fall for another week in Las Vegas.

According to AAA's Fuel Gauge Report, the average price of regular unleaded was at $3.42 a gallon Monday. That equated to a five-cent fall from the week before.

Gasoline this week is actually five cents down from the price a year ago. The average price of gas was $3.76 a gallon a month before.

The fall in the price of gas also follows a nationwide trend. The average price of gasoline fell some 15 cents per gallon during the last month.

Despite the weeks of price drops, though, analysts believe a rise is coming.

"After a dramatic decline in gasoline prices in virtually every region in the past month, gasoline prices have started to rise," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "While I don't necessarily believe that the recent uptick in crude prices will stick, I also don't see prices falling considerably lower until after the conclusion of the summer driving season, when demand declines, and more expensive blends are phased out."

You can get the latest average price of gas at fuelgaugereport.aaa.com.

Copyright 2012 KVVU (KVVU Broadcasting Corporation). All rights reserved.

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