Gas prices have declined again
Big Idea
- Arizona gas prices drop again to under $5/gal
- Phoenix has dropped to $4.91/gal
- The national average is on track to drop below $4/gal
- Here’s hoping that drop spreads to AZ!
- Read more...
Gas prices are dropping, can it last into August?
Average gasoline prices in Phoenix have fallen 26.8 cents per gallon in the last week, averaging $4.91/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 77.5 cents per gallon lower than a month ago and stand $1.82/g higher than a year ago. The national average price of diesel has declined 10.8 cents in the last week and stands at $5.54 per gallon.
According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.09/g yesterday while the most expensive was $5.79/g, a difference of $1.70/g. The lowest price in the state yesterday was $3.99/g while the highest was $6.35/g, a difference of $2.36/g.
The national average price of gasoline has fallen 15.8 cents per gallon in the last week, averaging $4.51/g today. The national average is down 47.9 cents per gallon from a month ago and stands $1.35/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 18, 2021: $3.10/g (U.S. Average: $3.16/g)
July 18, 2020: $2.43/g (U.S. Average: $2.20/g)
July 18, 2019: $2.84/g (U.S. Average: $2.78/g)
July 18, 2018: $2.97/g (U.S. Average: $2.86/g)
July 18, 2017: $2.18/g (U.S. Average: $2.26/g)
July 18, 2016: $2.20/g (U.S. Average: $2.20/g)
July 18, 2015: $2.90/g (U.S. Average: $2.76/g)
July 18, 2014: $3.54/g (U.S. Average: $3.58/g)
July 18, 2013: $3.55/g (U.S. Average: $3.67/g)
July 18, 2012: $3.26/g (U.S. Average: $3.42/g)
Neighboring areas and their current gas prices:
Arizona- $4.82/g, down 19.8 cents per gallon from last week's $5.02/g.
Las Vegas- $5.13/g, down 15.6 cents per gallon from last week's $5.29/g.
Tucson- $4.57/g, down 11.2 cents per gallon from last week's $4.69/g.
“We've seen the national average price of gasoline decline for a fifth straight week, with the pace of recent declines accelerating to some of the most significant we've seen in years. This trend is likely to reach a sixth straight week, with prices likely to fall again this week. Barring major hurricanes, outages or unexpected disruptions, I forecast the national average to fall to $3.99/gal by mid-August," said Patrick De Haan, head of petroleum analysis at GasBuddy. "So far, we've seen the national average drop for 34 straight days, with over 25,000 stations now back at $3.99 per gallon or less, and thousands more stations will join this week. In addition, we will see several states fall back under an average of $4, the majority being in the south, but that could spread to more states in the weeks ahead.”
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
