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AZ Gas Prices Drop, Nearly $2 Higher Than 2 Years Ago Featured

Gas prices decline as refinery issues settle down

Big Idea

  • Diesel in very tight supply
  • Cheapest gas in Phoenix $4.09/gal, most expensive $5.10/g
  • In the rest of the state, the lowest is $2.99/g and the most expensive $6.10/g (yikes!)
  • Challenges lie ahead 
  • Read more...

 Prices fall, but challenges lie ahead

Average gasoline prices in Phoenix have fallen 11.9 cents per gallon in the last week, averaging $4.57/g today, according to GasBuddy's survey of 1,094 stations in Phoenix. Prices in Phoenix are 25.3 cents per gallon lower than a month ago and stand 97.6 cents per gallon higher than a year ago. The national average price of diesel has declined 2.39 cents in the last week and stands at $5.28 per gallon.

According to GasBuddy price reports, the cheapest station in Phoenix was priced at $4.09/g yesterday while the most expensive was $5.10/g, a difference of $1.01/g. The lowest price in the state yesterday was $2.99/g while the highest was $6.10/g, a difference of $3.11/g.

The national average price of gasoline has fallen 4.7 cents per gallon in the last week, averaging $3.72/g today. The national average is down 3.0 cents per gallon from a month ago and stands 34.4 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.

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Historical gasoline prices in Phoenix and the national average going back ten years:
October 31, 2021: $3.59/g (U.S. Average: $3.38/g)
October 31, 2020: $2.28/g (U.S. Average: $2.11/g)
October 31, 2019: $2.97/g (U.S. Average: $2.61/g)
October 31, 2018: $2.92/g (U.S. Average: $2.77/g)
October 31, 2017: $2.31/g (U.S. Average: $2.48/g)
October 31, 2016: $2.12/g (U.S. Average: $2.20/g)
October 31, 2015: $2.06/g (U.S. Average: $2.17/g)
October 31, 2014: $2.87/g (U.S. Average: $2.99/g)
October 31, 2013: $3.15/g (U.S. Average: $3.27/g)
October 31, 2012: $3.63/g (U.S. Average: $3.51/g)

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Neighboring areas and their current gas prices:
Arizona- $4.27/g, down 8.8 cents per gallon from last week's $4.36/g.
Las Vegas- $4.91/g, down 7.5 cents per gallon from last week's $4.99/g.
Tucson- $3.61/g, up 0.3 cents per gallon from last week's $3.61/g. 

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"For the third consecutive week, we've seen the national average price of gasoline decline, and while it's good news for most regions with a continued drop in prices, the Northeast is bucking the trend and seeing a noticeable jump due to tight supply," said Patrick De Haan, head of petroleum analysis at GasBuddy. "The national average is closing in on the previous low from September, which was interrupted when refinery issues caused prices to skyrocket in the West and Great Lakes. With those issues addressed, the West has seen prices plummet, including a nearly 90 cent per gallon decline in California in less than a month. Compare that to the Northeast, where prices have jumped some 10-25 cents per gallon, demonstrating there's much regionality to current gasoline price trends. Add in diesel prices that remain high amidst extremely tight supply, and there's definitely some challenges that lie ahead."

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, 31 October 2022 05:15
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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