Big Idea
- Increases in prices have largely tapered off
- Oil prices have moderated for the time being
- The blockage of the Suez Canal might affect prices this week
- Warmer weather and travel could lead to more increases
- Read more...
Gas prices are more than $.50 higher than they were a year ago.
(March 29, 2021) - Phoenix gas prices have fallen 1.5 cents per gallon in the past week, averaging $3.11/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 4.6 cents per gallon higher than a month ago and stand 53.9 cents per gallon higher than a year ago.
According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.77/g today while the most expensive is $3.89/g, a difference of $1.12/g. The lowest price in the state today is $2.67/g while the highest is $3.89/g, a difference of $1.22/g.
The national average price of gasoline has fallen 2.7 cents per gallon in the last week, averaging $2.84/g today. The national average is up 12.9 cents per gallon from a month ago and stands 87.5 cents per gallon higher than a year ago.
Historical gasoline prices in Phoenix and the national average going back ten years:
March 29, 2020: $2.57/g (U.S. Average: $1.97/g)
March 29, 2019: $2.72/g (U.S. Average: $2.70/g)
March 29, 2018: $2.56/g (U.S. Average: $2.65/g)
March 29, 2017: $2.19/g (U.S. Average: $2.31/g)
March 29, 2016: $2.08/g (U.S. Average: $2.04/g)
March 29, 2015: $2.37/g (U.S. Average: $2.43/g)
March 29, 2014: $3.37/g (U.S. Average: $3.54/g)
March 29, 2013: $3.71/g (U.S. Average: $3.64/g)
March 29, 2012: $3.93/g (U.S. Average: $3.92/g)
March 29, 2011: $3.55/g (U.S. Average: $3.59/g)
Neighboring areas and their current gas prices:
Arizona- $3.08/g, down 0.7 cents per gallon from last week's $3.09/g.
Las Vegas- $3.29/g, up 1.3 cents per gallon from last week's $3.28/g.
Tucson- $2.98/g, down 1.9 cents per gallon from last week's $3.00/g.
"After the feverish rise in gas prices to start the year, increases have largely tapered off and we're now seeing decreasing prices in most areas of the country, thanks to oil prices that have moderated for the time being," said Patrick De Haan, head of petroleum analysis for GasBuddy. "As the Suez Canal has remained blocked for nearly a week, we could see some volatility in the price of oil this week as the market digests any updates as hundreds of ships remain in limbo. Back stateside, refiners have made the switch to summer gasoline and price impacts have been limited thus far, but demand for gasoline remains strong. Last week saw total gasoline demand at yet another pandemic high according to GasBuddy data. As we approach warmer weather and motorists are increasingly getting outside, it could drive prices higher, so long as COVID-19 cases don't jump along with it and lead to new travel restrictions."
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
