Why Do Gas Prices Rise So High Each Spring In Las Vegas?
Why are there higher spring gas prices in Las Vegas every year? By now, I’m sure you are noticing that you seem to be paying more to gas up your car or truck than just a few months ago. In fact, the price of regular unleaded seems to rise by about 10 cents every week. The thing is this seems to happen each year around this time.
Spring Gas Prices Are Higher This Year Than In 2023
I just filled my gas tank yesterday and noticed I paid more per gallon than I have in a very long time. So, I checked out AAA.com. They keep average gas price records for the state of Nevada and our two largest cities, Reno, and Nevada.
My suspicions are confirmed by their average gas price webpage. Specifically, the average price for regular unleaded stands at about $4.54 per gallon as of April 4, 2024. Last year at this time we were paying a little over $4.26 for each gallon. Paying a quarter more per gallon adds up over time.
The AAA website also shows average Las Vegas gas prices for last week and last month. Once again, my suspicions are confirmed. Last week, we were paying an average of about $4.44 a gallon. So, it’s true! Prices went up 10 cents in one week.
Furthermore, a month ago on March 4th, we were paying an average of approximately $4.11 per gallon. Do the math and spring gas prices are on the rise by 40 cents in a month, or 10 cents each week.
Why Do Gas Prices Rise Dramatically In March And April?
Inquiring minds want to know: Why do spring gas prices rise dramatically every year? A Money.com article by Pete Grieve offers up some good answers. Apparently, there is a winter-blend gasoline and a summer-blend fuel mix. Moreover, the winter-blend is cheaper to produce than the summer-blend. That makes a lot of sense.
Another reason for higher spring gas prices is our driving patterns. We tend to take fewer road trips in the winter months. On the other hand, lots of folks like to head somewhere for spring break to celebrate. Basically, we all drive more in the warmer months. So that puts more demand on refineries, which causes gas prices to rise each spring.
Want some good news? Grieve’s article points out that the Energy Information Administration predicts overall gas prices will be lower in 2024 than they were last year. At least we have that going for us. Now, feel free to scroll down for more content which may interest you.