AAA: Nevada gas prices continue to climb amid Middle East tensions

Gas prices in Nevada continued to climb this week, with the statewide average for a gallon of regular gasoline rising 14 cents to $4.69, according to AAA’s weekly report. Nationally, the average price for regular gasoline increased 15 cents from the prior week to $4.09 per gallon. The uptick follows renewed hostilities between the United States and Iran, which have disrupted maritime traffic through the Strait of Hormuz, a corridor that moves almost one‑fifth of global oil trade in peacetime. U.S. forces have conducted strikes on Iran for several consecutive nights in response to attacks on oil tankers transiting the strait, keeping crude markets on edge. “Volatility on the Strait of Hormuz and instability successful the portion person pushed lipid prices into the $90-per-barrel scope and could proceed driving up costs during the 2nd fractional of the summer,” Aldo Vazquez, a spokesperson for spokesperson for AAA, said successful a statement. In the Las Vegas area, the average price for a gallon of regular gasoline was $4.67. In Reno, drivers paid an average of $5.09 per gallon. Nevada ranked as the fifth‑most expensive state for gasoline, behind California ($5.57), Hawaii ($5.42), Washington ($5.07) and Alaska ($4.72). Oregon ($4.60), Arizona ($4.30), Michigan ($4.26), Montana ($4.26) and Illinois ($4.25) filled out the top ten. The least expensive gasoline markets were Indiana ($3.53), Mississippi ($3.64), Louisiana ($3.67), Tennessee ($3.70), Texas ($3.70), Kentucky ($3.72), Kansas ($3.74), Alabama ($3.75), Oklahoma ($3.76) and Arkansas ($3.79). Total U.S. gasoline inventories rose from 210.5 million barrels to 211.3 million barrels, while gasoline production averaged 9.7 million barrels per day.