Gas prices drop after subdued Thanksgiving traffic.
Big Idea
- Arizona gas prices are at $2.22 gallon, about 80¢ lower than a year ago
- Traffic was subdued for Thanksgiving
- Oil prices may see additional upward pressure in the weeks ahead
- We’re likely to remain in somewhat of a limbo until early 2021
- Read more...
Gas prices appear to be leveling out
(November 30, 2020) - Phoenix gas prices are unchanged in the past week, averaging $2.27/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 2.0 cents per gallon lower than a month ago and stand 75.8 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 $2.69/g, a difference of 77.0 cents per gallon. The lowest price in the state today is $1.74/g while the highest is $3.39/g, a difference of $1.65/g.
The national average price of gasoline has risen 1.8 cents per gallon in the last week, averaging $2.11/g today. The national average is unchanged from a month ago and stands 47.6 cents per gallon lower than a year ago.
Historical gasoline prices in Phoenix and the national average going back ten years:
November 30, 2019: $3.02/g (U.S. Average: $2.59/g)
November 30, 2018: $2.85/g (U.S. Average: $2.46/g)
November 30, 2017: $2.34/g (U.S. Average: $2.48/g)
November 30, 2016: $2.06/g (U.S. Average: $2.15/g)
November 30, 2015: $1.99/g (U.S. Average: $2.03/g)
November 30, 2014: $2.62/g (U.S. Average: $2.76/g)
November 30, 2013: $3.09/g (U.S. Average: $3.26/g)
November 30, 2012: $3.34/g (U.S. Average: $3.39/g)
November 30, 2011: $3.20/g (U.S. Average: $3.29/g)
November 30, 2010: $2.75/g (U.S. Average: $2.83/g)
Neighboring areas and their current gas prices:
Arizona- $2.22/g, down 0.6 cents per gallon from last week's $2.23/g.
Las Vegas- $2.54/g, down 1.2 cents per gallon from last week's $2.55/g.
Tucson- $1.95/g, unchanged from last week's $1.95/g.
"As the nation saw subdued traffic for Thanksgiving, gas prices have been mostly stable in the last week as gasoline demand plummeted to the lowest since spring as Americans stayed closer to home," said Patrick De Haan, head of petroleum analysis for GasBuddy. "With oil holding near a pandemic high around $45 per barrel, we may see additional upward pressure in the weeks ahead, but it's unlikely to be earth shattering. We're likely to remain in somewhat of a limbo until early 2021 or vaccines begin to see widespread distribution and Americans slowly start venturing back to their normal lifestyle- if they ever do."
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
