Nevada
Gas prices climb in northern Nevada amid tensions in the Middle East
$3.99 on Sunday, $4.09 just days later.
An extra dime for the same gallon of gas, but why?
Conflict in the Middle East has impacted prices at the pump for drivers here in northern Nevada and across the country.
According to AAA, the national average for a gallon of gas has jumped nearly 27 cents since last week, coming in at $3.25. In Reno, the average price is roughly $4.26.
Experts say for every $5 to $10 increase in oil prices, drivers could pay 15 to 25 cents more per gallon.
The increase primarily comes down to the Strait of Hormuz, a narrow waterway between Iran and Oman, which controls roughly 20% of the world’s oil supplies. Amid the tensions, traffic through the area has recently ground to a halt.
Michael Goldman, General Manager of Caru Containers North America, said many of the shippers who typically go through the Strait have changed course.
“We’re seeing the routes ships need to take be much longer, much more costly. Going around the Horn of Africa instead of going through the Strait of Hormuz and the Red Sea. And we’re definitely seeing cost increases to those carriers to make those journeys,” said Goldman.
Jayce Robinson from Sparks said he’s always looking for the best deal in town on gas.
“I mostly fill up here for work, so it’s not my money, but when I do fill up, I definitely look for the cheapest place because money’s tight and gas is expensive,” Robinson said.