High pump prices for gasoline naturally have Nevadans concerned. Nevada residents have seen a growing share of their expenditures go toward gasoline, and they also recognize the impact that higher gasoline prices can have on the state’s all-important tourism industry. Fortunately, most market indicators suggest that gasoline prices have peaked and should begin falling soon.
In most years, the summer driving season sees the highest gasoline prices. Gasoline prices typically begin falling after Labor Day, as the summer driving season ends. In 2012 however, increased tensions with Iran led to fears of disrupted world oil supplies and a surge in crude oil prices…Read the Entire Report