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AZ Gas Prices Stable Featured

Az gas prices remain stable overall, some have fallen.

Big Idea

  • The cheapest price for regular gas in the state today is $1.71 per gallon
  • The most expensive regular gas in Arizona right now is $3.49/gallon
  • Arizona gas prices are averaging $2.30 per gallon
  • Gasoline demand fell slightly last week… nothing long-term is set in stone

 

All is calm regarding gas prices - for now

(August 10, 2020) - Phoenix gas prices have fallen 1.3 cents per gallon in the past week, averaging $2.39/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 1 cent per gallon lower than a month ago and stand 41.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $1.98/g today while the most expensive is $2.69/g, a difference of 71.0 cents per gallon. The lowest price in the state today is $1.71/g while the highest is $3.49/g, a difference of $1.78/g.

The national average price of gasoline has fallen 1.1 cents per gallon in the last week, averaging $2.16/g today. The national average is down 3.5 cents per gallon from a month ago and stands 47.7 cents per gallon lower than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
August 10, 2019: $2.81/g (U.S. Average: $2.64/g)
August 10, 2018: $2.90/g (U.S. Average: $2.86/g)
August 10, 2017: $2.18/g (U.S. Average: $2.35/g)
August 10, 2016: $1.99/g (U.S. Average: $2.13/g)
August 10, 2015: $2.75/g (U.S. Average: $2.59/g)
August 10, 2014: $3.46/g (U.S. Average: $3.48/g)
August 10, 2013: $3.46/g (U.S. Average: $3.55/g)
August 10, 2012: $3.30/g (U.S. Average: $3.67/g)
August 10, 2011: $3.29/g (U.S. Average: $3.62/g)
August 10, 2010: $2.77/g (U.S. Average: $2.76/g) 

Neighboring areas and their current gas prices:
Arizona- $2.30/g, unchanged  from last week's $2.30/g.
Las Vegas- $2.65/g, unchanged  from last week's $2.66/g.
Tucson- $2.13/g, down 2.1 cents per gallon from last week's $2.15/g.

"Gas prices have remained in very familiar territory for the sixth straight week as gasoline demand fell slightly last week, keeping oil prices confined as forces prevent it from falling under $39 but also from breaching $42 per barrel. However, as summer begins to fade, demand recovery may be limited, and there's a possibility we may see more downside potential in the last quarter of the year," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Traditionally, gasoline demand weakens into the autumn, and as the coronavirus situation keeps more kids home and more parents from work, we may see a drop in gas prices as we progress through fall. However, since no one can predict when we may rebound from the coronavirus situation, nothing long-term is set in stone, but we are on track for a seventh straight week of stable gas prices."

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 Tuesday, 11 August 2020 07:11
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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