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Gas Prices Continue Upward Trend Featured

Arizona gas prices are going up

 

Big Idea

  • Gas prices are going up
  • National average price is up 17.4¢ from a month ago
  • Saturday gasoline demand was the strongest of any Saturday since the pandemic
  • Read more...

 

Prices are rising

 

(February 1, 2021) - Phoenix gas prices have risen 1.2 cents per gallon in the past week, averaging $2.45/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 20.5 cents per gallon higher than a month ago and stand 50.5 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.13/g today while the most expensive is $3.09/g, a difference of 96.0 cents per gallon. The lowest price in the state today is $1.87/g while the highest is $3.19/g, a difference of $1.32/g.

The national average price of gasoline has risen 1.9 cents per gallon in the last week, averaging $2.42/g today. The national average is up 17.4 cents per gallon from a month ago and stands 5.5 cents per gallon lower than a year ago.

 

 

Historical gasoline prices in Phoenix and the national average going back ten years:
February 1, 2020: $2.96/g (U.S. Average: $2.47/g)
February 1, 2019: $2.47/g (U.S. Average: $2.27/g)
February 1, 2018: $2.35/g (U.S. Average: $2.60/g)
February 1, 2017: $2.12/g (U.S. Average: $2.27/g)
February 1, 2016: $1.77/g (U.S. Average: $1.79/g)
February 1, 2015: $1.87/g (U.S. Average: $2.05/g)
February 1, 2014: $3.23/g (U.S. Average: $3.27/g)
February 1, 2013: $3.28/g (U.S. Average: $3.47/g)
February 1, 2012: $3.43/g (U.S. Average: $3.45/g)
February 1, 2011: $3.04/g (U.S. Average: $3.09/g) 

 

 

Neighboring areas and their current gas prices:
Arizona- $2.41/g, up 2.5 cents per gallon from last week's $2.39/g.
Las Vegas- $2.76/g, up 4.2 cents per gallon from last week's $2.72/g.
Tucson- $2.30/g, up 5.4 cents per gallon from last week's $2.24/g.

 

"Gas price increases continue to slow down as oil prices fail to continue moving upward, even as gasoline demand continues to show new signs of improving recovery," said Patrick De Haan, head of petroleum analysis for GasBuddy. "According to Pay with GasBuddy data, Friday gasoline demand was the highest since November, while Saturday gasoline demand was the strongest of any Saturday since the pandemic began. The rise in gasoline demand has certainly been behind oil's rally in the last few months, as COVID restrictions continue to ease and the economy slowly continues recovery. While the next few weeks may see gas prices rising slightly, the real pinch could come in March and lasting through summer, should demand continue on this path."

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.

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Last modified on Tuesday, 02 February 2021 00:44
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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