Big Idea

• Gas prices may be in a very slight lull
• Demand is insatiatiable
• Historically, gas prices are almost $1.50 higher than a year ago
• California nears an average price of $6/gal
• Read more…

Don’t expect this lull to last too long

(March 21, 2022) - Average gasoline prices in Phoenix have fallen 2.0 cents per gallon in the last week, averaging $4.62/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 83.9 cents per gallon higher than a month ago and stand $1.49/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.29/g yesterday while the most expensive was $5.39/g, a difference of $1.10/g. The lowest price in the state yesterday was $3.99/g while the highest was $5.89/g, a difference of $1.90/g.

The national average price of gasoline has fallen 9.0 cents per gallon in the last week, averaging $4.23/g today. The national average is up 71.5 cents per gallon from a month ago and stands $1.37/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:
March 21, 2021: $3.12/g (U.S. Average: $2.86/g)
March 21, 2020: $2.72/g (U.S. Average: $2.09/g)
March 21, 2019: $2.62/g (U.S. Average: $2.61/g)
March 21, 2018: $2.45/g (U.S. Average: $2.57/g)
March 21, 2017: $2.18/g (U.S. Average: $2.29/g)
March 21, 2016: $1.91/g (U.S. Average: $1.98/g)
March 21, 2015: $2.41/g (U.S. Average: $2.42/g)
March 21, 2014: $3.36/g (U.S. Average: $3.52/g)
March 21, 2013: $3.74/g (U.S. Average: $3.69/g)
March 21, 2012: $3.93/g (U.S. Average: $3.87/g)

Neighboring areas and their current gas prices:
Arizona- $4.60/g, unchanged  from last week's $4.60/g.
Las Vegas- $5.13/g, up 18.9 cents per gallon from last week's $4.94/g.
Tucson- $4.47/g, down 1.8 cents per gallon from last week's $4.48/g. 

“GasBuddy, last week, predicted that a top was in for the national average price of gasoline, and indeed, for the first time in 12 weeks, the national average price of gasoline has declined. While the decline is still subject to changes in global supply and demand, Covid and Russia's war on Ukraine, we are poised to see additional downdrafts at the pump this week in most areas," said Patrick De Haan, head of petroleum analysis at GasBuddy. "For now, gasoline demand has shown absolutely no signs of buckling under the pressure of higher prices, even as California nears an average of $6 per gallon, with spring break travel well underway. If the situation does worsen, with more oil being kept away from global markets, it's not impossible that gas prices would still have to climb a considerable amount for Americans to start curbing their insatiable demand for gasoline."

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.