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Arizona Gas Prices Range from $3.97-$6.09 Featured

Oil prices are climbing, petroleum inventories are declining, diesel prices are at a record high. 

Big Idea

  • Gas prices have risen 13¢ per gallon in Phoenix, up 9.4¢ in Arizona
  • Petroleum inventories are at another weekly decline
  • Diesel prices are at a record high, they are at their largest differential to gasoline on record at $1.20/gal difference
  • Expect higher gas prices and more inflation
  • Read more...

Hold on to your wallets, prices aren’t going down

(May 9, 2022) - Average gasoline prices in Phoenix have risen 13.0 cents per gallon in the last week, averaging $4.73/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 8.5 cents per gallon higher than a month ago and stand $1.67/g higher than a year ago. The price of diesel has risen 22.6 cents nationally in the past week and stands at $5.518 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.35/g ($4.09 at QuikTrip on Greenway Road, actually) yesterday while the most expensive was $5.49/g (not sure where, but if you see it, find another gas station!), a difference of $1.14/g. The lowest price in the state yesterday was $3.97/g (Bullhead City) while the highest was $6.09/g (White Hills), a difference of $2.12/g.

The national average price of gasoline has risen 13.6 cents per gallon in the last week, averaging $4.31/g today. The national average is up 19.6 cents per gallon from a month ago and stands $1.36/g higher than a year ago, according to GasBuddy data compiled from more than 11 million weekly price reports covering over 150,000 gas stations across the country.

Historical gasoline prices in Phoenix and the national average going back ten years:
May 9, 2021: $3.06/g (U.S. Average: $2.95/g)
May 9, 2020: $2.13/g (U.S. Average: $1.84/g)
May 9, 2019: $3.21/g (U.S. Average: $2.87/g)
May 9, 2018: $2.91/g (U.S. Average: $2.84/g)
May 9, 2017: $2.24/g (U.S. Average: $2.33/g)
May 9, 2016: $2.16/g (U.S. Average: $2.21/g)
May 9, 2015: $2.74/g (U.S. Average: $2.66/g)
May 9, 2014: $3.51/g (U.S. Average: $3.67/g)
May 9, 2013: $3.42/g (U.S. Average: $3.55/g)
May 9, 2012: $3.80/g (U.S. Average: $3.74/g)


Neighboring areas and their current gas prices:

Arizona- $4.64/g, up 9.4 cents per gallon from last week's $4.55/g.
Las Vegas- $5.10/g, down 1.6 cents per gallon from last week's $5.11/g.
Tucson- $4.41/g, up 6.2 cents per gallon from last week's $4.35/g. 

“Gasoline and diesel prices alike saw strong upward momentum last week as oil prices continued to climb after the EU signaled its desire to sanction Russian oil. In addition, U.S. petroleum inventories saw yet another weekly decline as we near the start of summer driving season," said Patrick De Haan, head of petroleum analysis at GasBuddy. "Not only are diesel prices at a record high, they are at their largest differential to gasoline on record, surpassing the 98-cent difference in 2008 and currently standing at a $1.20 per gallon premium. While motorists filling with gasoline have seen a slight rise in prices, diesel's surge will be a double whammy as diesel prices will soon be passed along to retail channels, further pushing up the cost of goods."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data spanning nearly two decades. Unlike AAA's once daily survey and the Lundberg Survey, updated once every two weeks based on a small fraction of U.S. gasoline stations, GasBuddy's survey updates 288 times every day from the most diverse list of sources covering nearly 150,000 stations nationwide, the most comprehensive and up-to-date in the country. GasBuddy data is accessible at http://prices.GasBuddy.com.

SOURCE: GasBuddy

PS Be glad you’re not in California. The Top 25 highest prices are all in California regions.

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Last modified on Monday, 09 May 2022 15:19
Published in Azeducation.news
Patrick De Haan

Patrick De Haan is the head of petroleum analysis for GasBuddy, and has developed into the leading source for reliable and accurate information on gas price hikes. Recognized as a gasoline price expert, Patrick brings to GasBuddy and our readers all his assets to help consumers by giving reliable and accurate price forecasts.The San Jose Mercury News dubbed Patrick "one of the nation's most accurate forecasters" in 2012.

Besides keeping people up-to-date on the best local gas prices, GasBuddy also offers other ways to save money at the pump.

https://www.gasbuddy.com

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