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AZ Gas Prices Drop to $4/g on Average Featured

Don’t be fooled: Prices are still 92¢ higher than a year ago, and $1.62 higher than two years ago

Big Idea

  • Despite the Biden Administration’s claims, you are still paying more for gas, you just aren’t paying the most ever for gas
  • The pace of declines is slowing down
  • Diesel is below $5/g for the first time since March
  • A 76 Station on Buckeye Road is at $3.45/g, but reports are that they ran out
  • Read more...

 

In the Prescott area, nothing is lower than $3.99

Average gasoline prices in Phoenix have fallen 8.0 cents per gallon in the last week, averaging $4.00/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 77.2 cents per gallon lower than a month ago and stand 91.4 cents per gallon higher than a year ago. The national average price of diesel has declined 6.3 cents in the last week and stands at $4.97 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $3.45/g yesterday while the most expensive was $5.79/g, a difference of $2.34/g. The lowest price in the state yesterday was $3.39/g while the highest was $5.89/g, a difference of $2.50/g.

The national average price of gasoline has fallen 5.1 cents per gallon in the last week, averaging $3.86/g today. The national average is down 51.3 cents per gallon from a month ago and stands 72.2 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 22, 2021: $3.08/g (U.S. Average: $3.14/g)
August 22, 2020: $2.38/g (U.S. Average: $2.18/g)
August 22, 2019: $2.83/g (U.S. Average: $2.60/g)
August 22, 2018: $2.86/g (U.S. Average: $2.82/g)
August 22, 2017: $2.21/g (U.S. Average: $2.34/g)
August 22, 2016: $2.00/g (U.S. Average: $2.17/g)
August 22, 2015: $2.66/g (U.S. Average: $2.62/g)
August 22, 2014: $3.41/g (U.S. Average: $3.43/g)
August 22, 2013: $3.37/g (U.S. Average: $3.52/g)
August 22, 2012: $3.47/g (U.S. Average: $3.71/g)

 

Neighboring areas and their current gas prices:
Arizona- $4.00/g, down 9.2 cents per gallon from last week's $4.09/g.
Las Vegas- $4.85/g, down 2.1 cents per gallon from last week's $4.87/g.
Tucson- $3.77/g, down 7.7 cents per gallon from last week's $3.84/g. 

 

“While some areas saw gas prices rise slightly last week, the national average saw yet another weekly decline, extending the streak to ten straight weeks. The pace of declines is certainly slowing down as oil prices have bounced up slightly, but the West Coast and Northeastern U.S. are areas that still may see gas prices decline, while the South and Midwest see the drop fade and potentially slight increases," said Patrick De Haan, head of petroleum analysis at GasBuddy. "In addition to falling gasoline prices, the average price of diesel has fallen below $5 per gallon for the first time since March, likely helping to cool off aggressive inflation numbers. Thus far, Mother Nature has spared us from disruptions from hurricanes, but that remains a wildcard as we head into the peak of hurricane season."

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 Tuesday, 23 August 2022 09:11
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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