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AZ Gas Prices Fall Slightly After 4th Featured

Phoenix gas prices are more than $2 higher than a year ago

Big Idea

  • Gas prices have fallen slightly, at their lowest level in a month
  • They are still higher this year by around $2/gal
  • The drop could fade soon if wholesale oil prices reverse
  • Nonetheless, there was strong demand over the holiday
  • Read more...

 

The highest price in Arizona tops over $6

  Average gasoline prices in Phoenix have fallen 20.8 cents per gallon in the last week, averaging $5.36/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 6.8 cents per gallon lower than a month ago and stand $2.26/g higher than a year ago. The price of diesel has fallen 6.3 cents nationally in the past week and stands at $5.72 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.69/g yesterday while the most expensive was $5.79/g, a difference of $1.10/g. The lowest price in the state yesterday was $4.36/g while the highest was $6.35/g, a difference of $1.99/g.

The national average price of gasoline has fallen 10.4 cents per gallon in the last week, averaging $4.78/g today. The national average is down 7.2 cents per gallon from a month ago and stands $1.66/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.

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Historical gasoline prices in Phoenix and the national average going back ten years:
July 5, 2021: $3.09/g (U.S. Average: $3.12/g)
July 5, 2020: $2.40/g (U.S. Average: $2.17/g)
July 5, 2019: $2.88/g (U.S. Average: $2.75/g)
July 5, 2018: $3.05/g (U.S. Average: $2.87/g)
July 5, 2017: $2.20/g (U.S. Average: $2.24/g)
July 5, 2016: $2.24/g (U.S. Average: $2.26/g)
July 5, 2015: $2.71/g (U.S. Average: $2.77/g)
July 5, 2014: $3.56/g (U.S. Average: $3.66/g)
July 5, 2013: $3.45/g (U.S. Average: $3.47/g)
July 5, 2012: $3.34/g (U.S. Average: $3.33/g)

Neighboring areas and their current gas prices:
Arizona- $5.14/g, down 16.2 cents per gallon from last week's $5.30/g.
Las Vegas- $5.40/g, down 7.8 cents per gallon from last week's $5.48/g.
Tucson- $4.76/g, down 13.8 cents per gallon from last week's $4.90/g. 

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“As expected, and for the third straight week, average gasoline prices have fallen to their lowest level in over a month. The price of wholesale gasoline has plummeted, providing price relief as millions of Americans hit the road for the holiday weekend," said Patrick De Haan, head of petroleum analysis at GasBuddy. "While we may see prices decline into this week, the drop could fade soon if oil prices reverse, especially with strong demand over the holiday. For the time being, Americans are spending nearly $100 million per day less on gasoline than when prices peaked a few weeks ago, and that's well-needed relief at a time when gas prices remain near records."

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

 

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Last modified on Wednesday, 06 July 2022 11:53
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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