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AZ Gas Prices Drop 2.1¢ Featured

Gas prices drop in Arizona

Big Idea

  • Gas prices have been fairly quiet across the country
  • The lowest price in Arizona is $1.75/gallon; the highest is $3.39/gallon
  • Gasoline demand inexplicably rose last week
  • Friday saw the highest gasoline demand since Labor Day.
  • Read more...

 

Gas prices fall in Arizona.

Do you want to find a station? Gas Buddy is there for you!

(October 5, 2020) - Phoenix gas prices have fallen 1.6 cents per gallon in the past week, averaging $2.33/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 5.0 cents per gallon lower than a month ago and stand 67.0 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $1.89/g today while the most expensive is $2.71/g, a difference of 82.0 cents per gallon. The lowest price in the state today is $1.75/g while the highest is $3.39/g, a difference of $1.64/g.

 

 

The national average price of gasoline has fallen 0.7 cents per gallon in the last week, averaging $2.17/g today. The national average is down 4.3 cents per gallon from a month ago and stands 49.0 cents per gallon lower than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
October 5, 2019: $3.00/g (U.S. Average: $2.66/g)
October 5, 2018: $2.90/g (U.S. Average: $2.91/g)
October 5, 2017: $2.35/g (U.S. Average: $2.50/g)
October 5, 2016: $2.11/g (U.S. Average: $2.25/g)
October 5, 2015: $2.23/g (U.S. Average: $2.29/g)
October 5, 2014: $3.19/g (U.S. Average: $3.29/g)
October 5, 2013: $3.24/g (U.S. Average: $3.34/g)
October 5, 2012: $3.67/g (U.S. Average: $3.79/g)
October 5, 2011: $3.31/g (U.S. Average: $3.39/g)
October 5, 2010: $2.62/g (U.S. Average: $2.72/g) 

Neighboring areas and their current gas prices:
Arizona- $2.28/g, down 2.1 cents per gallon from last week's $2.30/g.
Las Vegas- $2.63/g, down 1.7 cents per gallon from last week's $2.65/g.
Tucson- $2.02/g, down 2.4 cents per gallon from last week's $2.04/g.

"It's been a fairly quiet week for gas prices yet again, but with oil tanking last week, there's a possibility motorists may see a renewed downward direction in average prices in the days or weeks ahead," said Patrick De Haan, head of petroleum analysis for GasBuddy. "However, according to Pay with GasBuddy data, gasoline demand inexplicably rose last week to the highest level since August, breaking with conventional wisdom that fall demand is typically weak. While we have no direct reasoning for the rebound, five of seven days last week saw much above the prior week's gasoline demand, in fact, Friday saw the highest gasoline demand since Labor Day. If demand continues to somehow defy such conventional trends, we may see an end to the possibility of future declines."

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.

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Last modified on Tuesday, 06 October 2020 05:45
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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