Big Idea

• Arizona is frequently a lagging indicator, so hopefully we’ll see prices decline a little bit
• Cheapest price in Phoenix is $4.42/g; highest is $5.29
• Cheapest price in Arizona is $4.09/g - welcome to Kayenta! highest is $5.99
• “There’s no telling what’s around the corner…"
• Read more...

The Volatility in Oil Prices Persists

(March 28, 2022) - Average gasoline prices in Phoenix have risen 10.8 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 82.6 cents per gallon higher than a month ago and stand $1.62/g higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.42/g yesterday while the most expensive was $5.29/g, a difference of 87.0 cents per gallon. The lowest price in the state yesterday was $4.09/g while the highest was $5.99/g, a difference of $1.90/g.

The national average price of gasoline is unchanged  in the last week, averaging $4.23/g today. The national average is up 62.4 cents per gallon from a month ago and stands $1.38/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 28, 2021: $3.11/g (U.S. Average: $2.84/g)
March 28, 2020: $2.60/g (U.S. Average: $1.98/g)
March 28, 2019: $2.71/g (U.S. Average: $2.70/g)
March 28, 2018: $2.54/g (U.S. Average: $2.64/g)
March 28, 2017: $2.19/g (U.S. Average: $2.29/g)
March 28, 2016: $2.07/g (U.S. Average: $2.04/g)
March 28, 2015: $2.37/g (U.S. Average: $2.43/g)
March 28, 2014: $3.36/g (U.S. Average: $3.53/g)
March 28, 2013: $3.72/g (U.S. Average: $3.64/g)
March 28, 2012: $3.93/g (U.S. Average: $3.92/g)

Neighboring areas and their current gas prices:
Arizona- $4.68/g, up 8.1 cents per gallon from last week's $4.60/g.
Las Vegas- $5.30/g, up 17.1 cents per gallon from last week's $5.13/g.
Tucson- $4.47/g, up 0.6 cents per gallon from last week's $4.47/g. 

“The decline we've seen in average gas prices has been slowing down, as oil prices have held above $100 after declining under that level as recently as a few weeks ago. For the near future, we’ll see a mix of slight decreases and some potential increases mixed in. California markets should finally cool off and areas could even move lower in Southern California, while the Great Lakes could see gas prices jump up after having fallen for the last week or so," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While the national average should start to stabilize for the time being, there's no telling what's around the corner, at least for now, as the volatility in oil prices persists."

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