Gasoline priced spike 14 percent across Nevada

RENO -- An oil strike in Venezuela, uncertainty in the Middle East and a seasonal decline in refinery production in the Western United States have sent gasoline prices soaring to February record levels.

At an average of $1.69 a gallon, Nevadans are paying some of the highest prices in the country, 7 cents above the national average. Driving still is a relative bargain compared to California's average of $1.80 a gallon.

"Nationally, this is the highest price ever recorded by AAA during February," said AAA of Nevada spokesman Sean Comey. "This is usually a time when prices are lower than during other months of the year."

The statewide average is up 21 cents in the past month -- a 14 percent increase.

The ongoing strike in Venezuela has reduced exports there and speculation over war with Iraq in the oil-rich Middle East has pushed the price of crude above $30 a barrel.

Domestically, refineries are undergoing routine maintenance as they prepare for next month's switchover to a summer fuel blend.

Reno tops the cost with an average of $1.72 for a gallon of regular unleaded, up 19 cents. Elko is the bargain at $1.54, a 12-cent increase.

Las Vegas is up 22 cents at $1.65. Carson City averages $1.67, up 19 cents, and Sparks is up 14 cents at $1.66.

"AAA urges consumers to shop aggressively for the best price on gasoline," Comey said. "Look for ways to decrease your fuel consumption and keep your vehicle properly maintained to help cut down on your gas bill."