Elko gas prices have dropped in the past month, but not by almost as much as other cities in Nevada.
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While gas prices in California are among some of the highest in the nation, abundant gasoline supplies this summer have led to relatively cheap prices statewide, American Automobile Association officials said Tuesday.
They’re now at a 16-week low, and they’re expected to continue falling to less than $2 per gallon by the end of the year, according to the U.S. Energy Administration’s new Short-Term Energy Outlook.
The only higher prices in the state were in Reno and Sparks.
Idaho drivers paid an average of $2.47 per gallon on August 10, 34 cents more than the national average, according to AAA Idaho.
Even with dwindling prices, however, San Francisco still leads the Bay Area, as well as the state, with the most expensive price for gas at $2.83 per gallon, which is down just $0.06 from last month. Most cities saw a decline of 13-15 cents in the past month.
The report projects that prices will average $2.06 for the year.
If the next month does not see a major market-moving event such as a major hurricane or escalating geopolitical tensions overseas, gas prices will likely stay at relatively low levels. That’s still far higher than the national average of $2.12. In contrast, gas prices in the Great Lakes region continue to be the most volatile in the country due to tightening supplies and refinery issues causing temporary price increases, AAA said.
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Gas prices are lowest in SC, where drivers can fill up for just $1.81 per gallon.
