Nevada gas prices highest in two years
In the aftermath of Hurricane Harvey, Nevadans are its highest gas prices since 2015, according to the latest survey conducted by AAA on Aug. 9.
Reno drivers are paying the most, at $3.17 per gallon, Sparks at $3.12, Carson City stood at $2.81; and Elko saw prices at $2.70 a gallon.
The average price in the Silver State stood at $2.81 a gallon. The storm, which temporarily shut down 25 percent of U.S. refining capacity as it flooded Houston, drove the national average price of gasoline up nearly 35 cents.
But the prices seem to have stabilized over the the last five days, as floods caused by the hurricane have subsided allowing Houston refineries gradually return to production.
“An incident as severe as Harvey will have a big impact on the global supply chain, even if that region doesn’t supply Nevada’s gas,” AAA Nevada spokesman Michael Blasky said in a release. “Combined with strong summer travel demand on the West Coast, it means motorists in Nevada are seeing the highest gas prices in two years.”
Reno’s median home price jumped to $413,405 in November, a 4 percent increase from the same month a year ago. Meanwhile, across greater Reno-Sparks, November’s median price of $400,000 remained unchanged from October.