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Arizona Gas Prices Drop .5¢ Featured

Arizona gas prices drop in the past week. 

Big Idea

  • Arizona gas prices drop 0.5¢
  • Phoenix gas prices drop 05¢, the cheapest price in Phoenix is $1.92/g
  • The most expensive gas prices in Arizona are $3.09/g, the lowest price is $1.75/g
  • It remains challenging to predict how the Presidential election will affect prices
  • Read more...

Gas prices drop in Arizona.

(November 9, 2020) - Phoenix gas prices have fallen 0.5 cents per gallon in the past week, averaging $2.28/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 4.3 cents per gallon lower than a month ago and stand 76.1 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $1.92/g today while the most expensive is $3.09/g, a difference of $1.17/g. The lowest price in the state today is $1.75/g while the highest is $3.29/g, a difference of $1.54/g.

The national average price of gasoline has fallen 1.9 cents per gallon in the last week, averaging $2.09/g today. The national average is down 8.8 cents per gallon from a month ago and stands 53.7 cents per gallon lower than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
November 9, 2019: $3.04/g (U.S. Average: $2.63/g)
November 9, 2018: $2.92/g (U.S. Average: $2.70/g)
November 9, 2017: $2.34/g (U.S. Average: $2.56/g)
November 9, 2016: $2.11/g (U.S. Average: $2.19/g)
November 9, 2015: $2.07/g (U.S. Average: $2.21/g)
November 9, 2014: $2.79/g (U.S. Average: $2.92/g)
November 9, 2013: $3.11/g (U.S. Average: $3.18/g)
November 9, 2012: $3.54/g (U.S. Average: $3.45/g)
November 9, 2011: $3.31/g (U.S. Average: $3.43/g)
November 9, 2010: $2.75/g (U.S. Average: $2.85/g) 

Neighboring areas and their current gas prices:
Arizona- $2.23/g, down 0.5 cents per gallon from last week's $2.24/g.
Las Vegas- $2.57/g, down 2.7 cents per gallon from last week's $2.60/g.
Tucson- $1.96/g, down 1 cent per gallon from last week's $1.97/g.

"As expected, previous weakness in oil has continued to translate into falling gasoline prices nearly nationwide as motorists cast their ballots last week, but the six week trend could reverse on optimism that President-elect Biden may move quickly to get organized and Sen. Majority Leader McConnell has said stimulus is high on his agenda, aiding the economy and oil demand," said Patrick De Haan, head of petroleum analysis for GasBuddy. "As of late Sunday, a barrel of West Texas Intermediate crude oil was up over 8% compared to just last Monday, a solid rally that may eventually halt the decline in gasoline prices, should the optimism continue even against a backdrop of a continued global rise in coronavirus cases. It remains challenging to predict how the Presidential transition may occur, and if it drags the economy down, I could see pessimism and lower prices return, but for now, it appears that a solid dose of optimism may soon drive prices up."

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, 09 November 2020 13:07
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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