Las Vegas gas prices up 3 cents - FOX5 Vegas - KVVU

Las Vegas gas prices up 3 cents

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A driver fills up their tank at a Las Vegas-area gas station. (File/FOX5) A driver fills up their tank at a Las Vegas-area gas station. (File/FOX5)

After a slight drop per gallon, gas prices in the Las Vegas valley are on the rise by three cents per gallon this week. 

The price is $2.38 per gallon compared to last week's average of $2.35 per gallon, according to AAA's Gas Prices website.

A month ago, Las Vegans were paying $2.43 a gallon. On August 29, 2015, the average price of gas was $3.19.

Las Vegas prices are significantly lower than the national average, which increased 7.4 cents per gallon during the last month and stand 28.0 cents per gallon lower than this day last year. 

As the summer driving season wraps up, gasoline prices rose for 14 consecutive days, thanks in large part due to a late-summer rally in oil markets, driven by OPEC threats,"  Patrick DeHaan said, senior petroleum analyst for GasBuddy. "While the final note may be a bit sour, the sweetness of what is still the cheapest summer gas in a decade will linger."  

According to GasBuddy's historical data, Las Vegas gasoline prices on August 29 ranged widely over the last five years $3.20 per gallon in 2015, $3.68 per gallon in 2014, $3.46 per gallon in 2013, $3.64 per gallon in 2012 and 3.51 dollars per gallon in 2011.

Prices will continue to slightly rise into the Labor Day weekend, but expect a drop in prices by mid-September as the fall season arrives. 

"Motorists shopping around for gas using the free GasBuddy app over the upcoming Labor Day weekend stand to save 5-25 cents per gallon over their counterparts, saving their hard-earned money on a day recognizing their hard work," DeHaan said.

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