Gas prices dropping in Nevada; down 16 cents from June |

Gas prices dropping in Nevada; down 16 cents from June

RENO, Nev. (AP) – Slowing demand has helped bring gasoline prices down in Nevada, in some places 20 cents lower per gallon than they were just a month ago.

The average price for a gallon of self-serve unleaded statewide has dropped 16 cents per gallon over the past month to $1.57, AAA Nevada said Wednesday.

The cheapest prices were in Carson City, where the average has dipped to $1.51. Reno reported $1.53 and Las Vegas $1.58.

Elko has the highest prices in the state, averaging $1.70 per gallon, but that’s still a nickel less than June. Reno prices were as high as $1.73 last month.

”Soaring and erratic gas prices combined with a sluggish economy have decreased demand for gasoline during the traditionally high-demand season,” said Alan Kovski, an energy analyst for AAA.

The drop in prices may be too late for some.

Jim Duvall, assistant manager of Bob’s Texaco in Carson City, said the flow of customers through his station has been lower than usual, although it’s starting to pick up again.

”A lot of people aren’t traveling,” Duvall said. ”They may have gotten scared in June. At $2 a gallon, people might have started rethinking their summer plans.”

Along with the roller-coaster ride that prices have taken the last few months, analysts say the sluggish economy has kept some people away from the pumps.

”Producers were taken off guard by the lower demand,” Lisa Foster, spokesperson for AAA Nevada, said. ”But it’s exciting for Nevadans that the price is so low right now, because usually we’re the second or third-highest state.”

Foster thinks prices will stay where they are or go lower. The national average is $1.43. California is at $1.83.

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