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AZ Gas Prices Up 1.7¢ Featured

Gas prices continue to rise

 

Big Idea

  • Gas prices continue to go up
  • The pace of...
  • increase is slowing some
  • The national average is the highest since the pandemic
  • Demand is at its highest level since November

 

Prices are expected to rise

 

(January 25, 2021) - Phoenix gas prices have risen 0.4 cents per gallon in the past week, averaging $2.44/g today, according to GasBuddy's daily survey of 1,094 stations. Gas prices in Phoenix are 19.5 cents per gallon higher than a month ago and stand 52.7 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.09/g today while the most expensive is $3.09/g, a difference of 100.0 cents per gallon. The lowest price in the state today is $1.84/g while the highest is $3.39/g, a difference of $1.55/g.

The national average price of gasoline has risen 1.1 cents per gallon in the last week, averaging $2.40/g today. The national average is up 14.4 cents per gallon from a month ago and stands 12.6 cents per gallon lower than a year ago.

 

Historical gasoline prices in Phoenix and the national average going back ten years:
January 25, 2020: $2.97/g (U.S. Average: $2.52/g)
January 25, 2019: $2.52/g (U.S. Average: $2.28/g)
January 25, 2018: $2.33/g (U.S. Average: $2.57/g)
January 25, 2017: $2.12/g (U.S. Average: $2.29/g)
January 25, 2016: $1.82/g (U.S. Average: $1.82/g)
January 25, 2015: $1.81/g (U.S. Average: $2.02/g)
January 25, 2014: $3.24/g (U.S. Average: $3.28/g)
January 25, 2013: $3.17/g (U.S. Average: $3.33/g)
January 25, 2012: $3.37/g (U.S. Average: $3.38/g)
January 25, 2011: $3.01/g (U.S. Average: $3.09/g) 

 

Neighboring areas and their current gas prices:
Arizona- $2.39/g, up 1.7 cents per gallon from last week's $2.37/g.
Las Vegas- $2.72/g, up 3.1 cents per gallon from last week's $2.69/g.
Tucson- $2.25/g, up 5.6 cents per gallon from last week's $2.19/g.

 

"Finally, after several weeks of sharply rising gas prices, the pace of price increases has slowed significantly in recent days as prices are now largely caught up to oil's increases as of late," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While the national average remains at its highest level since the pandemic, increases are likely to slow down in the immediate short-term unless and until oil prices see renewed momentum. When it comes to demand, Pay with GasBuddy data showed last week's gasoline demand at its highest level since November, another bullish factor as the nation continues to see slow improvement from the pandemic."

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 Tuesday, 26 January 2021 08:43
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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