fbpx

Arizona Gas Prices Continue Rising Trend, Up 7.3¢/gal Featured

Gas prices continue meteoric rise.

 

Big Idea

  • Gas prices continue to go up, up, up
  • There has been an insatiable demand for gasoline
  • Last week’s demand was just 1% below pre-pandemic level
  • Will we see the highest summer prices since 2014?
  • Read more...

 

Gas prices keep rising.

 

(March 15, 2021) - Phoenix gas prices have risen 7.4 cents per gallon in the past week, averaging $3.12/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 57.4 cents per gallon higher than a month ago and stand 30.6 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.89/g today while the most expensive is $3.69/g, a difference of 80.0 cents per gallon. The lowest price in the state today is $2.61/g while the highest is $3.99/g, a difference of $1.38/g.

The national average price of gasoline has risen 5.9 cents per gallon in the last week, averaging $2.86/g today. The national average is up 33.2 cents per gallon from a month ago and stands 64.0 cents per gallon higher than a year ago.

 

Historical gasoline prices in Phoenix and the national average going back ten years:
March 15, 2020: $2.82/g (U.S. Average: $2.22/g)
March 15, 2019: $2.54/g (U.S. Average: $2.54/g)
March 15, 2018: $2.39/g (U.S. Average: $2.52/g)
March 15, 2017: $2.18/g (U.S. Average: $2.28/g)
March 15, 2016: $1.75/g (U.S. Average: $1.94/g)
March 15, 2015: $2.45/g (U.S. Average: $2.43/g)
March 15, 2014: $3.35/g (U.S. Average: $3.52/g)
March 15, 2013: $3.77/g (U.S. Average: $3.69/g)
March 15, 2012: $3.91/g (U.S. Average: $3.82/g)
March 15, 2011: $3.53/g (U.S. Average: $3.56/g) 

Neighboring areas and their current gas prices:
Arizona- $3.04/g, up 7.3 cents per gallon from last week's $2.97/g.
Las Vegas- $3.19/g, up 7.8 cents per gallon from last week's $3.11/g.
Tucson- $2.99/g, up 1.1 cents per gallon from last week's $2.98/g.

"As Americans turn optimistic on COVID-19 pandemic recovery, we've been seeing insatiable demand for gasoline, which continues to recover far faster than oil production. According to GasBuddy data, last week's gasoline demand was just 1% below the pre-pandemic level, an extremely bullish factor likely to continue driving gas and oil prices up in the short term," said Patrick De Haan, head of petroleum analysis for GasBuddy. "The recovery in the last few weeks has been astounding- both the speed and overall volume increases we've seen in our data lend credibility to the recovery, and perhaps will lead to continued price increases due to the continued imbalance between supply and demand. It's no longer a question of if we'll see gasoline demand return to near normal this year but when, and will oil producers rise to the occasion and be able to quickly ramp up output, or are we going to see the highest summer prices since 2014 until they jump into action? Only time will tell, but it's looking like things are heating up far more than expected since the start of the year."

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.

 

Rate this item
(0 votes)
Last modified on Monday, 15 March 2021 09:25
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

Social Media Profiles

PLG_K2_UEF_SOCIAL_FACEBOOK PLG_K2_UEF_SOCIAL_INSTAGRAM PLG_K2_UEF_SOCIAL_LINKEDIN PLG_K2_UEF_SOCIAL_TWITTER

Latest Tweets

RT @AP: Facebook and its Instagram and WhatsApp platforms are suffering an outage. The company said it was “aware that some people are havi…
Digiqole - News Magazine WordPress Theme version 2.0 released with lots of improvement https://t.co/VAqf5vloNy https://t.co/kmKM6LmHoe
👉 We are excited to announce that,📱 WPCafe is coming soon with iOS and Android APP! ✅ Download WPCafe Free :… https://t.co/DgSVA7Cr3I
Follow Themewinter on Twitter

Post Gallery

Social Security Benefits Increase in 2022

Movie Review: Belfast

Prescott Christmas Parade Route & Street Closures

Trail East of Lynx Lake Closed to Protect Nesting Bald Eagles

Gosar Lauds the Supreme Court Decision to Hear Pro-Life Case

New DUI Processing Vehicle for Prescott PD

Yavapai County Supervisors Unanimously Vote Mary Mallory Chair for 2022

Planting Your Christmas Tree After the Holidays

Celebrate the New Year @ the Whiskey Row New Year's Boot Drop