FACT BRIEFAre gas prices higher in Nevada than in most states?
YES
As of Feb. 2, 2023, Nevada had the fourth highest regular gas prices in the U.S. at $3.99 per gallon, according to the American Automobile Association. Among its neighbors, only California had a higher price at $4.57 per gallon. The national average was $3.50 per gallon.
Nevada relies on California and other states for gasoline, having limited refining capacity itself. California requires its gas to be “reformulated” to reduce emissions, which makes it more expensive. These costs, along with transportation costs, are passed on to Nevada, partially explaining its consistently high prices.
Nevada also has one of the highest gas taxes in the nation. The combined federal, state, regional, and local gas taxes in Clark County add up to about 68 cents per gallon, according to the Las Vegas Review Journal.
Worldwide oil inflation is being driven by pandemic-related supply chain issues and market uncertainty over Russia’s invasion of Ukraine.
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Sources
AAA Gas Prices State gas price averages
AAA Gas Prices Nevada average gas prices
Las Vegas Review-Journal Why does Nevada have the second-highest gas prices in the country?
California Air Resources Board California Reformulated Gasoline Regulatory Advisory (September 2022)
College of Professional Studies | University of Wisconsin-Stevens Point Global Gas Prices and Inflation
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