Big Idea

• Gas prices are rising in Arizona overall
• Motorists may soon see a brief respite from rising prices
• US gasoline demand continues to rally to the highest level since the pandemic began
• Read more...

Gas prices may temporarily sag…

(March 22, 2021) - Phoenix gas prices have fallen 0.6 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 33.6 cents per gallon higher than a month ago and stand 41.7 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.81/g today while the most expensive is $3.89/g, a difference of $1.08/g. The lowest price in the state today is $2.69/g while the highest is $4.19/g, a difference of $1.50/g.

The national average price of gasoline has fallen 0.3 cents per gallon in the last week, averaging $2.86/g today. The national average is up 22.2 cents per gallon from a month ago and stands 78.2 cents per gallon higher than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:
March 22, 2020: $2.71/g (U.S. Average: $2.08/g)
March 22, 2019: $2.66/g (U.S. Average: $2.62/g)
March 22, 2018: $2.46/g (U.S. Average: $2.59/g)
March 22, 2017: $2.18/g (U.S. Average: $2.29/g)
March 22, 2016: $1.92/g (U.S. Average: $1.98/g)
March 22, 2015: $2.41/g (U.S. Average: $2.43/g)
March 22, 2014: $3.35/g (U.S. Average: $3.52/g)
March 22, 2013: $3.74/g (U.S. Average: $3.69/g)
March 22, 2012: $3.93/g (U.S. Average: $3.89/g)
March 22, 2011: $3.53/g (U.S. Average: $3.55/g) 

Neighboring areas and their current gas prices:
Arizona- $3.10/g, up 5.8 cents per gallon from last week's $3.04/g.
Las Vegas- $3.28/g, up 7.1 cents per gallon from last week's $3.21/g.
Tucson- $2.99/g, unchanged  from last week's $3.00/g.

"With oil prices finally sagging over the last week on inflation fears and worries about a surge in COVID-19 cases in Europe impacting oil demand, motorists filling their tanks may soon see a brief respite from rising gas prices," said Patrick De Haan, head of petroleum analysis for GasBuddy. "While gasoline demand last week rose to its highest level since the pandemic began, concerns that oil demand growth will stall with COVID-19 cases surging in Europe are eroding oil's recent rise. While gas prices still rose in a majority of states last week, we may see some price decreases in the week or weeks ahead, even as U.S. gasoline demand continues to rally to the highest level since the pandemic started nearly a year ago. It'll be a bumpy road the next few weeks as markets sort out the bearish and bullish factors, but I still believe prices will likely experience more upward momentum ahead of Memorial Day."

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.