Big Idea

• This week could change the downward trend.
• We have the best potential to see the weekly trend of falling prices snapped
• West Coast states also continue to see increases as unexpected refinery issues continue to percolate
• While gasoline could nudge higher, diesel prices should continue to ease after a much-needed jump in inventories last week.”
• Read more...

Don’t get too attached to these gas prices

FOR IMMEDIATE RELEASE - September 19, 2022

Average gasoline prices in Phoenix have fallen 1.2 cents per gallon in the last week, averaging $4.04/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 3.3 cents per gallon higher than a month ago and stand 91.7 cents per gallon higher than a year ago. The national average price of diesel has declined 7.0 cents in the last week and stands at $4.93 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $3.69/g yesterday while the most expensive was $4.69/g, a difference of 100.0 cents per gallon. The lowest price in the state yesterday was $3.07/g while the highest was $6.09/g, a difference of $3.02/g.

The national average price of gasoline has fallen 3.9 cents per gallon in the last week, averaging $3.64/g today. The national average is down 25.7 cents per gallon from a month ago and stands 45.9 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:
September 19, 2021: $3.12/g (U.S. Average: $3.18/g)
September 19, 2020: $2.35/g (U.S. Average: $2.16/g)
September 19, 2019: $2.98/g (U.S. Average: $2.67/g)
September 19, 2018: $2.86/g (U.S. Average: $2.84/g)
September 19, 2017: $2.37/g (U.S. Average: $2.59/g)
September 19, 2016: $2.09/g (U.S. Average: $2.21/g)
September 19, 2015: $2.33/g (U.S. Average: $2.29/g)
September 19, 2014: $3.29/g (U.S. Average: $3.35/g)
September 19, 2013: $3.34/g (U.S. Average: $3.48/g)
September 19, 2012: $3.74/g (U.S. Average: $3.85/g)

Neighboring areas and their current gas prices:
Arizona- $3.93/g, down 2.1 cents per gallon from last week's $3.95/g.
Las Vegas- $4.80/g, up 2.4 cents per gallon from last week's $4.78/g.
Tucson- $3.43/g, down 8.9 cents per gallon from last week's $3.52/g. 

“With a 14th consecutive weekly decline, the national average price of gasoline has now surpassed 2018’s record decline, seeing its longest downward streak since 2015,” said Patrick De Haan, head of petroleum analysis at GasBuddy. “While some states continue to see gas prices trend higher, the majority have continued to decline. However, this week could change the downward trend. With some issues arising in Plains and Great Lakes states as the transition to winter gasoline begins, I think we have the best potential to see the weekly trend of falling prices snapped. West Coast states also continue to see increases as unexpected refinery issues continue to percolate, preventing a downward move. While gasoline could nudge higher, diesel prices should continue to ease after a much-needed jump in inventories last week.”

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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Contact:

Patrick DeHaan, head of petroleum analysis
This email address is being protected from spambots. You need JavaScript enabled to view it. | 773-644-1427 | @GasBuddyGuy