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AZ Gas Prices Continue to Rise Over 3¢/gallon Featured

No surprise, gas prices are climbing rapidly

 

Big Idea

  • Gas prices have gone up rapidly, following higher oil prices
  • The national average is at its highest level since January 2020
  • Demand has to do with improving demand in the US
  • Demand is recovering faster than production
  • The situation will not get better
  • Read more...

 

Gas prices across the state have risen and are expected to rise even more.

 

(February 15, 2021) - Phoenix gas prices have risen 8.0 cents per gallon in the past week, averaging $2.54/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 11.2 cents per gallon higher than a month ago and stand 39.6 cents per gallon lower than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.17/g today while the most expensive is $3.09/g, a difference of 92.0 cents per gallon. The lowest price in the state today is $2.09/g while the highest is $3.59/g, a difference of $1.50/g.

The national average price of gasoline has risen 2.6 cents per gallon in the last week, averaging $2.50/g today. The national average is up 11.0 cents per gallon from a month ago and stands 5.3 cents per gallon higher than a year ago.

 

 

Historical gasoline prices in Phoenix and the national average going back ten years:
February 15, 2020: $2.94/g (U.S. Average: $2.45/g)
February 15, 2019: $2.42/g (U.S. Average: $2.31/g)
February 15, 2018: $2.34/g (U.S. Average: $2.54/g)
February 15, 2017: $2.13/g (U.S. Average: $2.28/g)
February 15, 2016: $1.61/g (U.S. Average: $1.69/g)
February 15, 2015: $2.13/g (U.S. Average: $2.25/g)
February 15, 2014: $3.25/g (U.S. Average: $3.33/g)
February 15, 2013: $3.58/g (U.S. Average: $3.65/g)
February 15, 2012: $3.50/g (U.S. Average: $3.52/g)
February 15, 2011: $3.15/g (U.S. Average: $3.12/g) 

 

Neighboring areas and their current gas prices:
Arizona- $2.47/g, up 3.1 cents per gallon from last week's $2.44/g.
Las Vegas- $2.82/g, up 1.9 cents per gallon from last week's $2.80/g.
Tucson- $2.39/g, up 10.1 cents per gallon from last week's $2.29/g.

 

"It's not surprising that gasoline prices continue to follow oil prices higher, as the national average now stands at its highest level since January 2020 as Pay with GasBuddy data shows U.S. gasoline demand rose over two percent last week," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The rise in gas prices continues to be driven by improving demand in the United States, and has nothing to do with who sits in the White House, but rather how many motorists are filing their tanks on a daily basis, and from that data, it's no guess, but prices will continue to trend higher. This situation will last as long as OPEC continues to restrain their oil production, creating the situation we're in where demand is recovering faster than demand. The situation won't get better, just wait until spring, it's likely the national average will rise another 10 to as much as 50 cents per gallon if oil production doesn't respond to the continued recovery in demand."

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, 15 February 2021 06:14
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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