Holiday Gas Prices Down From Last Year's Numbers - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Holiday Gas Prices Down From Last Year's Numbers

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Travelers who are driving this holiday season are welcoming some good news.

The average price of gas across the nation is down from last year around this time.

"It's going to be pretty pricey, like normal," said Tim Reel of Reno. "But, it's a lot lower than last year's prices, as I've known."

"I usually don't like driving because it takes too much money," said Kylie Richards, a University of Nevada Freshman. "But, I've noticed around here, it's a lot cheaper. The gas prices have been lowering. So, that's nice."

According to GasBuddy.com,  the cheapest gas in our area is currently $3.32. That's more than 20 cents less than the cheapest price around this time, last year. Nationwide, gas is down this year by 16 cents at $3.27.

"Supplies are way up," said Peter Krueger, Executive Director of Nevada Petroleum Marketers and Convenience Stores Association. "Demand, I think, it's increasing slowly, has come off of a rocky economy. So, demand hasn't bounced back maybe as quickly as one would've thought, but nevertheless, it's coming back."

I asked Krueger how long he expects the gas to be this low.

"The forecast I've looked at have it staying low through the Christmas holiday," he said.

For now, college students are happy the gas prices are lower. It makes it less of a blow to the pocketbook when they go back home this holiday season.

"That's why it's nice having some people who are going down to Vegas along with you," said Austin Herrera, a University of Nevada Sophomore. "Trying to get as many people to go down with me. So, it works out."

"Save that money, and spend it on books and tuition," Richards said.

Krueger says our gas could be 20 to 30 cents cheaper if Nevada didn't have higher taxes on it. As a result, analysts don't believe we'll see it lower than $3 in the Silver State anytime soon.

Written by Adam Varahachaikol

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