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Nevada Gas Prices Drop 22 Cents, But November Still Most Expensive on Record
Nevada's average gas price fell to $4.96 per gallon as crude oil costs decline and stations switch to winter blend, though AAA warns this November remains the priciest ever for drivers.
Nevada drivers are getting some relief at the pump this week, with the statewide average for a gallon of regular gasoline dropping 22 cents over the past seven days, according to AAA. As of Thursday, the Silver State's average stood at $4.96 per gallon.
The decline comes as crude oil prices slide and stations begin selling the cheaper winter blend of fuel, AAA reported. Gasoline demand also typically decreases in the fall, putting further downward pressure on prices.
"Drivers may notice the trend of declining gas prices, which is normal for this time of year," Doug Johnson, spokesperson for AAA Mountain West Group, said in a statement. "But so far, this month is the most expensive November on record for gas prices."
In Las Vegas, the average price as of Thursday was $5.03 per gallon, while Reno saw $5.10. Both figures remain well above the national average, which fell below $4 per gallon this week for the first time since July.
The drop offers modest relief to Nevada households, where transportation costs weigh heavily on working families. But the record-high November average underscores how global oil markets and refinery decisions continue to hit consumers in the wallet, even as seasonal trends provide some respite.
AAA did not specify how long the downward trend might continue, but the group noted that falling demand and the winter blend typically keep prices lower through the holiday season.