weather icon Clear

Pahrump below state, neighboring gas prices

Nevadans are gearing up to drive more and pay less for gasoline this holiday season, with significant savings as prices continue to fall, according to the latest AAA Fuel Gauge Report.

Pump prices are down 19 cents across the Silver State with the average price of unleaded regular at $2.51 per gallon, the group said Tuesday in a statement.

Both Las Vegas and North Las Vegas are averaging $2.53 per gallon, down 23 cents according to the trade group. Henderson was a shade higher at $2.55, but also down 23 cents.

While AAA doesn’t track towns in Nye County, GasBuddy.com, which displays the lowest gas prices in towns, shows that gas prices in Pahrump were as low as $1.99 per gallon of regular unleaded gasoline, Beatty with a low price of $2.39 a gallon and Tonopah with a low price of $2.78 per gallon.

In all Nevada metro areas tracked by AAA, Reno is registering the state’s highest pump price, with drivers paying an average price of $2.56 per gallon for unleaded regular gas. Carson City is registering Nevada’s lowest price, at $2.22 a gallon.

“During the winter, demand for gasoline typically declines, and pump prices tend to move lower as a result,” Cynthia Harris, AAA Nevada spokesperson, said in the statement. “This, combined with ample crude oil production and increasing gasoline inventories are likely to keep gasoline prices relatively low. Barring any unforeseen shifts in the oil market, prices are likely to continue to decline leading into 2016.”

The national average price is $2.03 and is predicted to soon fall below the $2 per gallon mark before the end of the year for the first time since 2009. Pump prices have fallen for 29 of the past 31 days.

The Organization of the Petroleum Exporting Countries (OPEC) decision at its meeting last week to sustain its current production levels sent ripples through the global oil market and has contributed to lower oil prices. The cartel is not scheduled to reconvene until June 2016, and in the interim the imbalance between supply and demand will likely persist. Market watchers will remain focused on the Federal Reserve, which is expected to raise interest rates on the heels of a strong U.S. jobs report. A higher interest rate typically leads to a stronger U.S. dollar, which makes oil relatively more expensive for those holding foreign currencies. The combination of these factors has the ability to further test the global oil market’s state of oversupply and keep downward pressure on prices.

The domestic oil market is also reflecting signs of oversupply, AAA said. Both crude oil and gasoline inventories are approaching record levels even as lower prices impact exploration and production.

Don't miss the big stories. Like us on Facebook.
McConnell vowed to push Court nominee, but might not have votes

U.S. Senate Majority Leader Mitch McConnell, R-Kentucky, vowed to hold a vote on a replacement for deceased Supreme Court Associate Justice Ruth Bader Ginsburg, but the big question is whether he has the votes to confirm a justice only six weeks before the presidential election.

Regents name Sandoval next president of UNR

The Nevada System of Higher Education Board of Regents on Thursday announced the appointment of former Gov. Brian Sandoval at the University of Nevada, Reno’s next president.

Ruth Bader Ginsburg dies at the age of 87

Supreme Court Justice Ruth Bader Ginsburg died Friday from complications from cancer, the Supreme Court announced.

Searchers find deceased hiker in Death Valley

A team of Death Valley National Park rangers and an Inyo County sheriff deputy located a deceased hiker on the morning of Sept. 7 roughly a mile from the Zabriskie Point trailhead.

Nevada reports 501 new cases of COVID-19

Nevada reported 501 new cases of COVID-19, COVID-19 Response Director Caleb Cage and Deputy Administrator of Community Health Services Julia Peek announced Friday at their daily teleconference with the media.

Hundreds remember Dusty Park at Pahrump Valley Speedway

It was billed as a Celebration of Life for Dusty Park, and much of the afternoon felt like a celebration. There was laughter and sharing stories among the several hundred people who gathered Sunday at Pahrump Valley Speedway to remember him.

Local RSVP program still active despite COVID-19

The Nevada Rural Counties Retired and Senior Volunteer Program in Pahrump is looking for a few good men and women to help provide services to area seniors.

Attorneys general enlisted in fight against youth suicide

Forty attorneys general across the nation, including Nevada’s Aaron Ford, are working with the Jason Foundation as ambassadors to address the public health issue of youth and young adult suicide.

Highway 160 southbound closed by morning crash

No serious injuries were reported following a two-vehicle crash at the intersection of state Route 160 and 372, just before 8:30 a.m., on Wednesday, Sept. 16.