Big Idea
- Gas prices have reached...
- another multi-month high
- Biden’s plan to cut off the Keystone XL pipeline is adding to the volatility in the market
- Motorists shouldn’t expect much of a break from the rising gas prices
- Read more...
Prices are up and are likely to continue to rise
Phoenix, AZ, January 18- Gasoline prices in Phoenix have risen 8.2 cents per gallon in the past week, averaging $2.43/g yesterday, according to GasBuddy's daily survey of 1,094 stations in Phoenix. This compares with the national average that has increased 4.2 cents per gallon versus last week to $2.38/g, according to GasBuddy.
Average gasoline prices on January 18 in Phoenix have ranged widely over the last five years:
$2.97/g in 2020, $2.56/g in 2019, $2.31/g in 2018, $2.14/g in 2017 and $1.89/g in 2016.
Including the change locally during the past week, prices yesterday were 53.3 cents per gallon lower than a year ago and are 18.4 cents per gallon higher than a month ago. The national average has increased 15.6 cents per gallon during the last month and stands 17.4 cents per gallon lower than a year ago.
Areas near Phoenix and their current gas price climate:
Arizona- $2.37/g, up 6.5 cents per gallon from last week's $2.30/g.
Las Vegas- $2.68/g, up 3.0 cents per gallon from last week's $2.65/g.
Tucson- $2.19/g, up 9.8 cents per gallon from last week's $2.09/g.
"Gas prices have jumped to yet another multi-month high as crude oil price rise amidst perceived improvement in the COVID-19 pandemic, which continues to pump prices up as demand shows renewed signs of recovery," said Patrick DeHaan, head of petroleum analysis for GasBuddy. "In addition, with rumors swirling that President-elect Biden plans to cancel approval of the Keystone XL pipeline, which would cut off reliable Canadian oil to the U.S., oil prices may see additional pressure in the coming days. For now, the upward trend in gas prices may slow from the sharp rise in the last week, but motorists shouldn't expect much of a break from rising gas prices, which now stand less than twenty cents from their year-ago levels."
For LIVE fuel price averages, visit http://FuelInsights.GasBuddy.com.
About GasBuddy
GasBuddy is the technology company changing the way more than 75 million consumers find, purchase, and save money on gasoline. Founded in 2000, the original GasBuddy website was a pioneer in crowd-sourced information, leveraging technology, big data, and a passionate community that now connects more than 70 million users with real-time, accurate fuel pricing information as well as reliable reviews of gas station amenities and services. The app and website have the most accurate and real-time fuel prices at over 140,000 unique stations in the United States, Canada, and Australia and is the most comprehensive money-saving companion while on the road. GasBuddy is available on all mobile platforms. For more information, visit www.gasbuddy.com.
