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AZ Gas Prices Down 2.1¢ Featured

Gas prices will continue to be stable.

Big Idea

  • Gas prices in the middle of a tug of war between market forces
  • The lowest price in Arizona is $1.75/gallon; the highest is $3.09/gallon
  • Gasoline demand stands at 13% lower than last year
  • Seems to be waiting on more stimulus dollars
  • Read more…

Gas prices drop slightly.

(October 12, 2020) - Phoenix gas prices have fallen 1.2 cents per gallon in the past week, averaging $2.32/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 4.9 cents per gallon lower than a month ago and stand 66.9 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 $2.69/g, a difference of 80.0 cents per gallon. The lowest price in the state today is $1.75/g while the highest is $3.09/g, a difference of $1.34/g.

The national average price of gasoline has fallen 1.1 cents per gallon in the last week, averaging $2.16/g today. The national average is down 1.8 cents per gallon from a month ago and stands 47.2 cents per gallon lower than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
October 12, 2019: $2.99/g (U.S. Average: $2.64/g)
October 12, 2018: $2.92/g (U.S. Average: $2.90/g)
October 12, 2017: $2.34/g (U.S. Average: $2.47/g)
October 12, 2016: $2.14/g (U.S. Average: $2.25/g)
October 12, 2015: $2.20/g (U.S. Average: $2.31/g)
October 12, 2014: $3.12/g (U.S. Average: $3.19/g)
October 12, 2013: $3.20/g (U.S. Average: $3.33/g)
October 12, 2012: $3.73/g (U.S. Average: $3.81/g)
October 12, 2011: $3.31/g (U.S. Average: $3.40/g)
October 12, 2010: $2.67/g (U.S. Average: $2.80/g)

 

Neighboring areas and their current gas prices:
Arizona- $2.25/g, down 2.1 cents per gallon from last week's $2.27/g.
Las Vegas- $2.62/g, down 2.0 cents per gallon from last week's $2.64/g.
Tucson- $2.00/g, down 2.5 cents per gallon from last week's $2.03/g.

"Average gasoline prices largely remain rangebound as the tug of war between market forces continues to keep prices confined near current levels," said Patrick De Haan, head of petroleum analysis for GasBuddy. "On one side, the coronavirus situation would be pulling prices down as year-to-date gasoline demand stands some 13% lower than last year, but on the positive side is the possibility of economic stimulus that could boost households ahead of the election if the two parties can manage to agree. For now, with little action on either issue, oil markets are seeing a good amount of speculation and seesawing, and that will continue until we have a clear answer on whether Washington will deliver more economic aid to hard hit Americans."

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

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Last modified on Monday, 12 October 2020 14:17
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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