Gasoline prices on the rise in Las Vegas, and expected to go higher – KLAS – 8 News Now

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LAS VEGAS (KLAS) — A gradual increase in gasoline prices is continuing since mid-January, and the lowest price in Las Vegas currently is right around the average price nationwide.

Information released early Monday by GasBuddy shows that the average price in Las Vegas ($3.92 per gallon) is still well above the national average ($3.26 per gallon). And expect it to climb further.

The lowest price dropped as far as $3.13 per gallon in early and mid-January but is now about 24 cents higher. Data from gasbuddy.com reported the low price at $3.14 per gallon early Monday, but by afternoon, the gas station with the lowest price was at $3.27 — at club stores Costco and Sam’s Club, as well as a North Las Vegas Conoco station. The prices come from GasBuddy’s survey of 649 stations in Las Vegas.

“Roses are red, violets are blue, Valentine’s is over, and gas prices are going anywhere but lower,” said Patrick De Haan, head of petroleum analysis at GasBuddy.

De Haas said gas prices usually increase this time of year, and there’s already been a four-week streak of consecutive increases in the national average.

“While the early start could also mean an early end, we still have as many as 8 weeks that gas prices typically increase, and anything can happen between now and then,” De Haan said. “One of the most critical elements to how much gas prices will climb is how quickly and effectively refiners can finish their pre-summer maintenance, start producing EPA-mandated summer gasoline and build up supply of it before Memorial Day.”

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