Tahoe City gas prices tops among Lower 48 | SierraSun.com

Tahoe City gas prices tops among Lower 48

The Associated Press

RENO, Nev. ” Gas prices have increased 3 cents a gallon over the past month in Las Vegas and most of Nevada to a statewide average of $2.17 a gallon. But motorists in Reno have enjoyed a 6-cent drop at the pumps during that period while those in Sparks saw an 8-cent decline.

The highest price outside of Alaska and Hawaii is Tahoe City, Calif., at $2.60.

AAA Nevada spokesman Michael Geeser said Tuesday Reno actually was 6 cents higher than much of the rest of the state in February so the 6-cent decline puts the city right at the statewide average for March. In Sparks, the average price is now $2.15 a gallon.

Nevada is now tied with Washington state for the second highest average in the country among the Lower 48 states, trailing only California’s average of $2.20 per gallon.

The national average is $1.94, up a penny from the month before.

Other Nevada averages: Carson City, $2.15, unchanged; Elko, $1.86, up 8 cents; North Las Vegas, $2.15, up 3 cents; Henderson, $2.17, up 3 cents.

“Despite oil prices moving higher, retail gas prices have yet to take off,” Geeser said. “That’s good news for consumers considering spring is usually the time of year where we see gas prices increase due to the reformulation process at California refineries.”

Oil prices could still move higher, Geeser said. OPEC has suggested that it may agree to more production cuts when it meets on March 15. OPEC has already cut production by 4 million barrels a day since September.