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Gas Prices Continue to Drop Featured

Gasoline prices have dropped again in Arizona

Big Idea

  • Gasoline prices have dropped for an average of 16¢ per gallon in Arizona
  • The lowest price in Arizona was $3.34/g, and the highest was $5.79/g
  • Gas prices are almost $1 higher than they were a year ago
  • Wholesale gas prices have bounced up around 40¢ per gallon
  • Read more...

 

Some price increases could be seen as early as next week

Average gasoline prices in Phoenix have fallen 18.5 cents per gallon in the last week, averaging $4.08/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 87.6 cents per gallon lower than a month ago and stand 97.1 cents per gallon higher than a year ago. The national average price of diesel has declined 14.8 cents in the last week and stands at $5.27 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $3.34/g yesterday while the most expensive was $5.79/g, a difference of $2.45/g. The lowest price in the state yesterday was $3.34/g while the highest was $5.79/g, a difference of $2.45/g.

The national average price of gasoline has fallen 9.9 cents per gallon in the last week, averaging $3.92/g today. The national average is down 63.7 cents per gallon from a month ago and stands 74.8 cents per gallon 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:
August 15, 2021: $3.11/g (U.S. Average: $3.17/g)
August 15, 2020: $2.39/g (U.S. Average: $2.17/g)
August 15, 2019: $2.81/g (U.S. Average: $2.63/g)
August 15, 2018: $2.88/g (U.S. Average: $2.85/g)
August 15, 2017: $2.19/g (U.S. Average: $2.34/g)
August 15, 2016: $1.96/g (U.S. Average: $2.12/g)
August 15, 2015: $2.71/g (U.S. Average: $2.67/g)
August 15, 2014: $3.44/g (U.S. Average: $3.46/g)
August 15, 2013: $3.42/g (U.S. Average: $3.53/g)
August 15, 2012: $3.36/g (U.S. Average: $3.71/g)

 

Neighboring areas and their current gas prices:
Arizona- $4.09/g, down 15.9 cents per gallon from last week's $4.25/g.
Las Vegas- $4.87/g, unchanged  from last week's $4.87/g.
Tucson- $3.84/g, down 18.1 cents per gallon from last week's $4.02/g. 

 

“For the ninth week straight, gas prices have continued to fall, but the streak is at great risk of being broken this week with wholesale gasoline prices having bounced back up some 40 cents per gallon as oil prices have rebounded," said Patrick De Haan, head of petroleum analysis at GasBuddy. "That means the decline in average prices could wrap up soon, with some price increases possible as early as this week, especially in areas of the Great Lakes. While the West Coast and some areas of the Rockies may see prices continue to drift lower, I do believe the national average could tick higher this week as the better than expected jobs report last week likely means less demand destruction than anticipated."

GasBuddy is the authoritative voice for gas prices and the only source for station-level data. 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 Monday, 15 August 2022 22:06
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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