Discover the Cheapest Gas Stations in Las Vegas Amid Rising Prices

Understanding the Impact of Rising Gas Prices

Every motorist knows the pain of needing to refuel their car, only to realize they’ve reached the gas station and gas prices have significantly increased. Such price hikes can significantly affect your budget by leaving you with less to spend elsewhere.

Through an in-depth analysis, Cheap Insurance has provided an understanding of the reasons behind drastic changes in gas prices. They have also compiled a list of the cheapest gas stations in Las Vegas, using comprehensive data from Gas Buddy.

Factors Contributing to Gas Price Fluctuation

Gas prices are subject to change due to various factors, such as the cost of the main component, crude oil, and the supply and demand dynamics for gasoline. If there’s a surge in oil prices, if a significant refinery goes offline, or if there’s an increase in the number of drivers, the cost of gas also tends to rise.

In the first six months of 2022, several events converged resulting in a notable increase in gas prices. Factors such as the increased demand due to the COVID-19 pandemic, Russia’s invasion of Ukraine, and a slowdown in oil production contributed to a record national high of $4.93 per gallon on average in June 2022.

Seasonal Effects and Location Influence on Gas Prices

Seasons also have a significant impact on gas prices. During winter, demand typically decreases resulting in a drop in cost. This is also due to gas stations switching to a different blend of gasoline that is suitable for colder temperatures and is cheaper to produce.

The cost of gas also varies by location. Gas prices are usually lower in the South and Midwest, while being highest in the West, including Hawaii. Californians, in particular, pay more for gas on average than residents of any other state, due to high state excise taxes, supply issues caused by the state’s isolation from major pipelines, and regulations that require a more eco-friendly blend of gas that costs more to produce.

Find the Best Gas Prices Near You

Regardless of where you are, check out the following list to see if you can snag a deal on gas near you. The list includes the address and the current gas price at each location.

The data for this story was produced and reviewed by CheapInsurance.com. The information has been reviewed by Stacker.