LAS VEGAS (KSNV) — As summer road trips heat up, drivers are experiencing some relief at the gas pump with prices matching those from July 2021.
The national average for a gallon of gas recently dipped to $3.14 before rising slightly to $3.17.
This marks the first time in four years that summer gas prices have been this low, attributed to an abundance of supply in the oil market.
In Nevada, drivers are seeing an average price of $3.76, a slight decrease from last week. Las Vegas drivers are paying around $3.73, while those in Reno face higher prices at $4.08.
The oil market has seen some fluctuations, with West Texas Intermediate (WTI) crude increasing by 5 cents to settle at $68.38 a barrel.
The Energy Information Administration (EIA) reported a rise in crude oil inventories by 7.1 million barrels from the previous week. However, U.S. crude oil inventories remain about 8% below the five-year average for this time of year.
The nation’s most expensive gasoline markets include California, at $4.53, and Hawaii, at $4.47, while the least expensive are found in Mississippi, at $2.71, and Alabama, at $2.79.
For those driving electric vehicles, the cost of public charging varies significantly across the country. West Virginia tops the list at 51 cents per kilowatt hour, while Kansas offers the lowest rate at 25 cents.
Travelers can check current gas and electric charging prices along their routes using the AAA Mobile App, now available on CarPlay.