fbpx

AZ Gas Prices Drop 2.1¢ Featured

Arizona gas prices are nearly $1 cheaper than California

Big Idea

  • Gas prices could be affected by tropical storms in the Gulf of Mexico, but we should be able to weather them
  • The lowest price in Arizona is $1.71/gallon; the highest is $3.39/gallon
  • There is ample capacity for refineries that are not in the path of the storms
  • Demand for gasoline is still weak due to COVID-19

 

Gas prices could be affected by tropical storms in the Gulf of Mexico (but not much).

(August 24, 2020) - Phoenix gas prices have fallen 0.7 cents per gallon in the past week, averaging $2.38/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 4.4 cents per gallon lower than a month ago and stand 49.9 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $1.99/g today while the most expensive is $2.69/g, a difference of 70.0 cents per gallon. The lowest price in the state today is $1.71/g while the highest is $3.39/g, a difference of $1.68/g.

The national average price of gasoline has risen 0.8 cents per gallon in the last week, averaging $2.18/g today. The national average is down 0.5 cents per gallon from a month ago and stands 41.1 cents per gallon lower than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
August 24, 2019: $2.88/g (U.S. Average: $2.59/g)
August 24, 2018: $2.86/g (U.S. Average: $2.84/g)
August 24, 2017: $2.21/g (U.S. Average: $2.35/g)
August 24, 2016: $2.02/g (U.S. Average: $2.20/g)
August 24, 2015: $2.64/g (U.S. Average: $2.60/g)
August 24, 2014: $3.40/g (U.S. Average: $3.43/g)
August 24, 2013: $3.36/g (U.S. Average: $3.53/g)
August 24, 2012: $3.51/g (U.S. Average: $3.73/g)
August 24, 2011: $3.28/g (U.S. Average: $3.57/g)
August 24, 2010: $2.71/g (U.S. Average: $2.67/g) 

Neighboring areas and their current gas prices:
Arizona- $2.29/g, down 2.1 cents per gallon from last week's $2.31/g.
Las Vegas- $2.66/g, up 0.8 cents per gallon from last week's $2.65/g.
Tucson- $2.13/g, up 1.1 cents per gallon from last week's $2.12/g.

"All eyes are on the Gulf of Mexico as two tropical systems head toward a sensitive area for the oil industry, and while these storms bear monitoring, they thankfully are unlikely to have a major impact on gas prices that for the eighth straight week have been mostly quiet," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While Hurricane Marco and likely-soon-to-be Hurricane Laura churn in the Atlantic, current forecasts show limited ability for them to turn into a major hurricane, which means that motorists need not panic about gasoline supply or price. We should be able to weather both of these storms, barring a major increase in peak intensity. In addition, with gasoline demand still weak due to COVID-19, there's ample capacity for refineries that are not in the path of the storms to raise output should the situation warrant it."

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 covering credit card transactions at 100,000 stations and the Lundberg Survey, updated once every two weeks based on 7,000 gas 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://FuelInsights.GasBuddy.com.

SOURCE GasBuddy

Rate this item
(0 votes)
Last modified on Monday, 24 August 2020 06:11
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

Social Media Profiles

PLG_K2_UEF_SOCIAL_FACEBOOK PLG_K2_UEF_SOCIAL_INSTAGRAM PLG_K2_UEF_SOCIAL_LINKEDIN PLG_K2_UEF_SOCIAL_TWITTER

Latest Tweets

RT @AP: Facebook and its Instagram and WhatsApp platforms are suffering an outage. The company said it was “aware that some people are havi…
Digiqole - News Magazine WordPress Theme version 2.0 released with lots of improvement https://t.co/VAqf5vloNy https://t.co/kmKM6LmHoe
👉 We are excited to announce that,📱 WPCafe is coming soon with iOS and Android APP! ✅ Download WPCafe Free :… https://t.co/DgSVA7Cr3I
Follow Themewinter on Twitter

Post Gallery

Trail East of Lynx Lake Closed to Protect Nesting Bald Eagles

Gosar Lauds the Supreme Court Decision to Hear Pro-Life Case

New DUI Processing Vehicle for Prescott PD

Yavapai County Supervisors Unanimously Vote Mary Mallory Chair for 2022

Planting Your Christmas Tree After the Holidays

Celebrate the New Year @ the Whiskey Row New Year's Boot Drop

Arizona Gas Prices Jump 8.1¢

Arizona Continues To Expand Access To Broadband

House Committee Assignments for 2022