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AZ Gas Prices Jump 3.1¢ Featured

Gas prices are going up

Big Idea

  • Phoenix gas prices are up 3.1¢ 
  • AZ gas prices are up 3.1¢
  • Lowest price in the state today is $2.73/g while the highest is $4.49/g
  • Oil demand is limited, driving prices higher
  • Read more...

Rising gas prices in Arizona, you knew it was coming

(August 16, 2021) - Phoenix gas prices have risen 3.1 cents per gallon in the past week, averaging $3.11/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 1 cent per gallon lower than a month ago and stand 72.5 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.83/g today while the most expensive is $3.69/g, a difference of 86.0 cents per gallon. The lowest price in the state today is $2.73/g while the highest is $4.49/g, a difference of $1.76/g.

The national average price of gasoline has fallen 0.5 cents per gallon in the last week, averaging $3.17/g today. The national average is unchanged from a month ago and stands $1.01/g higher than a year ago.



Historical gasoline prices in Phoenix and the national average going back ten years:
August 16, 2020: $2.38/g (U.S. Average: $2.16/g)
August 16, 2019: $2.82/g (U.S. Average: $2.62/g)
August 16, 2018: $2.88/g (U.S. Average: $2.85/g)
August 16, 2017: $2.19/g (U.S. Average: $2.34/g)
August 16, 2016: $1.95/g (U.S. Average: $2.13/g)
August 16, 2015: $2.71/g (U.S. Average: $2.68/g)
August 16, 2014: $3.43/g (U.S. Average: $3.46/g)
August 16, 2013: $3.41/g (U.S. Average: $3.53/g)
August 16, 2012: $3.37/g (U.S. Average: $3.71/g)
August 16, 2011: $3.28/g (U.S. Average: $3.58/g) 



Neighboring areas and their current gas prices:
Arizona- $3.20/g, up 3.1 cents per gallon from last week's $3.17/g.
Las Vegas- $4.04/g, up 0.3 cents per gallon from last week's $4.03/g.
Tucson- $2.94/g, up 0.6 cents per gallon from last week's $2.94/g.



"As the number of Covid cases continues to surge globally, oil prices continue to be under pressure due to some countries instituting travel and movement limitations. This limits oil demand, which has led to the increase in gas prices slowing, and many states seeing slight drops compared to prices a week ago," said Patrick De Haan, head of petroleum analysis for GasBuddy. "In addition, the tropics are heating up, which could be a source of upward pressure on gas prices should we see a major hurricane target the Gulf Coast. However, without such a storm, gas prices may see some stability over the coming week or two, before slowly decreasing as the summer driving season wraps up."

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 covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas 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://FuelInsights.GasBuddy.com.

SOURCE GasBuddy

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Last modified on Monday, 16 August 2021 10:00
Published in Arizona 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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