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AZ Gas Prices Drop 2.3¢ Featured

Gas prices in Phoenix have fallen 1.5¢, but are still 63.8¢ higher than a year ago.

Big Idea

  • The national average of gas prices has fallen 0.4¢ per gallon
  • The national average is 95.5¢ higher than a year ago
  •  Arizona’s average gas price is $3.06 per gallon
  • Read more...

OPEC agrees to raise oil production starting in May by a modest 350,000 barrels per day.

(April 5, 2021) - Phoenix gas prices have fallen 1.5 cents per gallon in the past week, averaging $3.10/g today, according to GasBuddy's daily survey of 1,094 stations in Phoenix. Gas prices in Phoenix are 5.4 cents per gallon higher than a month ago and stand 63.8 cents per gallon higher than a year ago.

According to GasBuddy price reports, the cheapest station in Phoenix is priced at $2.79/g today while the most expensive is $3.99/g, a difference of $1.20/g. The lowest price in the state today is $2.69/g while the highest is $3.79/g, a difference of $1.10/g.

The national average price of gasoline has fallen 0.4 cents per gallon in the last week, averaging $2.86/g today. The national average is up 9.9 cents per gallon from a month ago and stands 95.5 cents per gallon higher than a year ago.

Historical gasoline prices in Phoenix and the national average going back ten years:

April 5, 2020: $2.46/g (U.S. Average: $1.91/g)
April 5, 2019: $2.90/g (U.S. Average: $2.74/g)
April 5, 2018: $2.63/g (U.S. Average: $2.66/g)
April 5, 2017: $2.22/g (U.S. Average: $2.38/g)
April 5, 2016: $2.15/g (U.S. Average: $2.05/g)
April 5, 2015: $2.33/g (U.S. Average: $2.39/g)
April 5, 2014: $3.38/g (U.S. Average: $3.57/g)
April 5, 2013: $3.68/g (U.S. Average: $3.62/g)
April 5, 2012: $3.90/g (U.S. Average: $3.94/g)
April 5, 2011: $3.59/g (U.S. Average: $3.69/g) 

Neighboring areas and their current gas prices:Arizona- $3.06/g, down 2.3 cents per gallon from last week's $3.08/g.Las Vegas- $3.32/g, up 0.9 cents per gallon from last week's $3.31/g.Tucson- $2.97/g, down 1.1 cents per gallon from last week's $2.98/g.

"Last week was a mixed bag for consumers at the pump as gas prices in half of states rose, while the other half saw declines, with March closing like a lamb after starting out like a lion," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Oil prices have shown signs of strength in the last few trading sessions, as OPEC agreed to raise oil production starting in May by a very modest 350,000 barrels per day. Overall, it's a small increase in output as global demand continues to show strength in light of Covid-related improvements. U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter, and with demand growth likely to remain robust, we may see a second attempt at a run at a national average of $3 per gallon in the months ahead. While the last few weeks have seen gas prices hold mostly steady, it's not likely to last forever, especially as Americans increasingly get outside as warmer temperatures return."

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, 05 April 2021 07:38
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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