Gas prices have declined over the last week, still nearly $2 higher than a year ago
Big Idea
- Arizona gas prices have dropped 13.3¢ in the last week
- Phoenix gas prices have dropped 19¢
- Even diesel prices have dropped slightly
- We’re not completely out of the woods, there’s a risk of a spike that could send us to new levels in August
- Read more...
Gas prices are lower, for that we should be thankful
Average gasoline prices in Phoenix have fallen 19.0 cents per gallon in the last week, averaging $5.18/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 44.6 cents per gallon lower than a month ago and stand $2.09/g higher than a year ago. The national average price of diesel has declined 8.5 cents in the last week and stands at $5.65 per gallon.
According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.49/g yesterday while the most expensive was $5.89/g, a difference of $1.40/g. The lowest price in the state yesterday was $4.25/g while the highest was $6.35/g, a difference of $2.10/g.
The national average price of gasoline has fallen 12.8 cents per gallon in the last week, averaging $4.66/g today. The national average is down 34.4 cents per gallon from a month ago and stands $1.54/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:
July 11, 2021: $3.10/g (U.S. Average: $3.13/g)
July 11, 2020: $2.39/g (U.S. Average: $2.19/g)
July 11, 2019: $2.87/g (U.S. Average: $2.77/g)
July 11, 2018: $3.02/g (U.S. Average: $2.89/g)
July 11, 2017: $2.19/g (U.S. Average: $2.25/g)
July 11, 2016: $2.23/g (U.S. Average: $2.22/g)
July 11, 2015: $2.73/g (U.S. Average: $2.76/g)
July 11, 2014: $3.55/g (U.S. Average: $3.63/g)
July 11, 2013: $3.44/g (U.S. Average: $3.52/g)
July 11, 2012: $3.30/g (U.S. Average: $3.38/g)
Neighboring areas and their current gas prices:
Arizona- $5.02/g, down 13.3 cents per gallon from last week's $5.15/g.
Las Vegas- $5.29/g, down 11.8 cents per gallon from last week's $5.41/g.
Tucson- $4.69/g, down 9.1 cents per gallon from last week's $4.78/g.
“The national average has declined for 27 days straight, or four weeks, the longest decline in average gas prices since the pandemic started in 2020. Average gas prices are down nearly 40 cents, with Americans shelling out $140 million less on gasoline every day than they did a month ago," said Patrick De Haan, head of petroleum analysis at GasBuddy. "We may see the trend last a fifth week, as long as oil prices remain cooperative and don't surge beyond $105 per barrel, and as long as refinery production of gasoline remains strong. But we're not completely out of the woods yet - we could also see a sharp reversal in the decline. There remains risk of a spike in prices that could send us to new record levels in August, should any disruptions occur. It could be a wild ride, but for now, the plummet at the pump shall continue."
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
