Gas prices remain unchanged over last week in Las Vegas - FOX5 Vegas - KVVU

Gas prices remain unchanged over last week in Las Vegas

Posted: Updated:
An undated pictures of  a driver preparing to fill his vehicle's gas tank. (File/FOX5) An undated pictures of a driver preparing to fill his vehicle's gas tank. (File/FOX5)
LAS VEGAS (FOX5) -

Las Vegas gas prices remained virtually unchanged in the last week, according to AAA.

The auto club's website that monitors gas price movement reported the average cost of gas on Monday at $2.48 a gallon. The price was the same as last week's average price.

Monday's price also reflected a four-cent jump from a month ago. The current price, though, still remained lower than the price reported on Nov. 14, 2015. The average price a year ago was at $2.74 a gallon.

Nationally, the average price of gasoline dropped by five cents to $2.16 a gallon.

With the election in the rear view, analysts are looking at the possible impact gas prices should have under a Trump White House.

"While it's less than a week after the biggest upset in U.S. election history energy industry experts are already speculating on what steps a Trump Administration might enact first; whether the earliest initiatives might eliminate regulations or perhaps look to increase domestic oil and gas production," said Gregg Laskoski, senior petroleum analyst for GasBuddy. "The Keystone XL Pipeline, for instance, is expected to find itself in a more favorable environment for approval but it remains debatable whether such a development would directly benefit U.S. consumers."

In addition, analysts are eyeing lower prices as the holidays draw near.

"Over the next few weeks expect prices at the pump to move lower based on market fundamentals, not politics," says Laskoski. "Inventories remain healthy and wholesale gasoline prices across the U.S. today, on average, are more than 10 cents per gallon lower than where they stood just a week ago."

Copyright 2016 KVVU (KVVU Broadcasting Corporation). All rights reserved.

Powered by Frankly
Fox 5
Powered by WorldNow CNN
All content © 2017, KVVU Broadcasting Corporation, Las Vegas, NV and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.